Electricity Act 2007

The Hungarian Parliament approved the new Act on Electricity in 2007, which came into effect in 2008. Parliament has adopted the Act with a view to setting up an efficient internal electricity market, to promote energy efficiency and energy conservation within the framework of sustainable development, to provide consumers with a secure and reliable supply of electricity of a specified quality at transparent prices, to integrate the Hungarian electricity market into the converging electricity markets of the European Communities, compliance with the legislation of the European Communities, and to develop an objective and transparent regulatory regime in compliance with the principle of equal treatment.
In addition, the Act seeks to encourage the development of renewable sources of energy as well as cogeneration, by establishing purchasing obligations and introducing the possibility of feed-in tariffs for this technology.

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