Hungary: the geopolitics of household utility bills

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Chapter 4 in Energy Cultures, 2020, pp 67-88 from Edward Elgar Publishing

Abstract: The collapse of Communism in 1989 and Hungary’s membership into the EU in 2004 set Hungary on a neoliberal economic path in the energy sector. This chapter describes the effort to reduce energy prices for Hungarian households after the 2010 parliamentary elections. There was a concerted political drive to lower household utility rates after years of price increases. The result was a new political-economic system that placed the state at the center of the energy system, rather than market actors. Hungary’s growing reliance on Russian gas and nuclear power makes energy both as a social and a geopolitical issue.

Keywords: Economics and Finance; Environment; Geography; Innovations and Technology; Law - Academic; Law - Professional; Politics and Public Policy (search for similar items in EconPapers)
Date: 2020
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