June 2008
Utility Week;6/13/2008, Vol. 29 Issue 8, p25
Trade Publication
This article reports that the European Commission ordered Hungary to abolish all long-term power purchase agreements within six months. Also, the European Commission told the Hungarian government to recover all state aid given to generators since the country joined the European Union. About two-thirds of the electricity generated in Hungary is still marketed under long-term contracts agreed in the 1990s by state-owned electricity wholesaler MVM.


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