Inderscience Publishers

New direction of energy policy in Hungary towards the new millennium

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Courtesy of Inderscience Publishers

Ten years ago, Hungary started to elaborate a new energy policy parallel with the restructuring the economy. The energy policy focused on the safety of the energy supply, the establishment of market conditions, environmental protection and improvement of energy efficiency. New regulations and institutional background also had to be created. The former state-owned energy companies have been privatised by foreign companies. A national programme for promoting energy saving and improving energy efficiency has been developed and an action plan summarised the concrete activities to be carried out. In 1998, based on the results achieved and the requirements of the EU connection, the government initiated a new market model of the energy sector with the active participation of the private energy companies.

Keywords: East-, West cooperation, energy policy, Hungary

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