Minister Lantos pointed out, however, that the ongoing war in Ukraine had endangered energy security and pushed global energy market prices to historic highs.
The prime minister said Hungary’s industry policy focuses on investments, developments and industry, which are energy-intensive sectors.
The ministry of energy affairs set up the secretariat for water public utilities, which is tasked with the regulation and supervision of the sector as well as ensuring cooperation with...
The government plans to increase spending five-fold in the next seven years compared with the past seven years.
Gas storage levels are high across Europe, including in Hungary, thanks to a mild winter.
Energy Minister Csaba Lantos emphasized the need to strengthen Hungary’s energy sovereignty.
Csaba Lantos announced on Thursday that household utility prices, up to average consumption, have been capped under a government program in an effort to “protect Hungarian families from sanctions-related surcharges."
The energy ministry will be responsible for Hungary’s comprehensive energy policy.
The energy ministry headed by Csaba Lantos will start operating as of December 1.
Csaba Lantos, who has been tapped to head the new independent energy ministry to be set up by the government, is a vocal supporter of increasing the role of wind energy in Hungary.