Hungarian Energy Policy Principles and the Business Model of the Energy Sector

In 1999, the government adopted an energy policy following domestic and EU developments (e.g., privatisation of the Hungarian energy sector, the EU liberalisation Directives, the Kyoto commitments). The core objective is to prepare the Hungarian energy sector for EU accession. Consequently, major emphasis has been given to guidelines for establishing competitive markets and price regulation for electricity and natural gas. Energy conservation, renewable energy, district heating and environmental protection are also a part of the policy.