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Hungary's energy, power, and electrical market is undergoing significant changes, driven by a need to reduce reliance on imported fossil fuels, increase the share of renewable energy sources, and improve energy efficiency. The market is characterized by a diversified energy mix, with natural gas, nuclear, and renewable energy sources all playing significant roles. Hungary is also a member of the European Union's Internal Energy Market, which allows for the free flow of electricity and natural gas across borders.
Hungary Energy, Power, and Electrical Government Procurement
The Hungarian government is a major procurer of energy, power, and electrical products and services. In 2021, the government spent approximately HUF 1,000 billion (approximately EUR 2.8 billion) on these products and services. The government's procurement policies are guided by the principles of sustainability, efficiency, and competitiveness.
The main energy, power, and electrical products and services procured by the Hungarian government include
Hungary: Nuclear power and geothermal potential: Nuclear power plant upgrades, geothermal district heating systems, energy efficiency programs for agriculture.
Top Authorities for Hungary Energy, Power, and Electrical Procurement
The top authorities responsible for Hungary's energy, power, and electrical procurement are the Ministry of Innovation and Technology (ITM) and the Hungarian Energy Regulatory Authority (MÉKH). The ITM is responsible for setting the government's energy procurement strategy and policies. The MÉKH is responsible for regulating the energy market and ensuring that the government's procurement process is competitive and transparent.
Top Winners of Hungary Energy, Power, and Electrical Procurement
The top winners of Hungary's energy, power, and electrical procurement contracts include major electricity generators, natural gas suppliers, renewable energy developers, and energy service companies. These companies are both local and international players.
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