Author : International Energy Agency
Publisher : Organisation for Economic Co-Operation and Development
ISBN 13 : 9789264170964
Total Pages : 152 pages
Book Rating : 4.1/5 (79 download)
Book Synopsis Hungary 1999 Review by : International Energy Agency
Download or read book Hungary 1999 Review written by International Energy Agency and published by Organisation for Economic Co-Operation and Development. This book was released on 1999 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hungary joined the International Energy Agency on 3 June 1997 as part of its transition toward a market economy and integration into the West that began after 1990. It also envisages accession to the European Union (EU) within the next three years. This will require further changes to the country's energy sector that underwent considerable change during the transition years.Previously operated by the state-held body MVM, Hungary's electricity supply industry was restructured and privatised, with generation, transmission and distribution now separate functions. But as the country's wholesale company, MVM still dominates the industry. New legislation provides for regulated third party access and progressive market opening, starting with 10% by 2001.MOL is the sole domestic producer of oil and gas, but the oil retail market is now fully competitive. MOL and the gas distribution and supply companies have been privatised, and new legislation introducing competition into the gas market is to be completed by 2002.Hungary signed the Climate Convention in 1994 and is committed to reduce its carbon dioxide emissions. The country's total primary energy supply collapsed after 1989 and is not expected to recover to previous levels before 2010, so Hungary is certain to fulfil its obligations. But scope exists for major energy efficiency improvements.This report forms part of a series of periodic in-depth reviews conducted by the IEA on a four-year cycle. Statistical updates of energy developments in all 25 IEA countries are published annually in Energy Policies of IEA Countries.