Hungary to Reopen Household Applications for Feed-in Tariff
Photo by anatoliy_gleb / Shutterstock.com
Hungary will lift a suspension of household applications to join a feed-in tariff scheme from January 1, 2024, Energy Affairs Minister Csaba Lantos told a conference organized by Portfolio.hu on Thursday.
The suspension - introduced late in 2022, after home solar panel volume outpaced power grid capacity - will be lifted for 93% of grid reach, affecting 84pc of consumers, Lantos said. The measure was made possible by investments in grid developments, he added.
Lantos also announced the launch, from the start of next year, of a tender for HUF 75 billion in subsidies for home solar panels combined with battery storage. The funding will cover 65% of investment cost, he added.
Hungary's solar energy capacity now stands over 5,200 MW, including 3,200 MW at solar parks and 2,080 MW from household solar panels, Lantos said. By 2030, the ministry expects capacity to reach 10-12 GW, he added.
Lantos said Hungary's gas stores are 97% full, a new record, ensuring energy supply and affordable prices during the heating season.
He noted that gas and consumption in Hungary in January-June had fallen 18% from the same period a year earlier.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.