First, let’s have a good laugh. “a competitive state player.” While this is an oxymoron, the state can’t be a ‘competitive’ player in a game when it is also the referee.
Tag Archive: MVM
May 27 2011
Hungary continues to suckle from Mother Russia
Tweet The price the Hungarian government has placed on energy security for the country is 1.9 billion Euros. The price the Hungarian government paid to the Russia’s Surgetneftegaz for buying 21.2% of MOL shares, the Hungarian oil and gas group. The move was promoted by National Development Minister Tamas Fellegi, as a radical move towards …
Oct 04 2010
AGRI another Gas Acronym and White Elephant for CEE
Tweet Supply diversification for securing energy is based on long term persistence. The recent agreement by Hungary to establish a project company to assess the viability of the LNG based Azerbaijan-Georgia-Romanian Interconnector (AGRI), may be an initial attempt. However, current gas projects cast doubt on the viability of this project. The project company is held …
Apr 14 2010
HUPX: National interest or MVM’s interest?
Tweet Has the light bulb come on for MVM or has it decided to play another game on the Hungarian market? This was the question dominating the workshop organized by the new HUPX company with participation of EPEX Spot, a European power exchange company on April 7th. The day-ahead power market will be coming to …
Feb 03 2010
MVM:vertical integration better for milking consumers
Tweet Pursuing an earlier agreement E.ON confirmed that it is in talks with the government of Hungary and MVM. The state owned electricity company is seeking to gain a minority shareholding in the distribution assets of E.ON. Talks include discussions over asset swaps, with MVM seeking to finalize the deal by the end of 2010. …
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Dec 18 2011
Five ways to destroy your energy sector and your economy – a note to the Hungarian Government
Commentary
by Michael LaBelle
In short, as in the Socialist era, the Hungarian government will decide that government institutions do not need to pay their energy bills, they will either make the Hungarian rate/tax payer pick up the tab through their utility bills – thus higher prices, or they will force the companies to incur losses caused by non-payment from the government.
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Tags: Bulgaria, E.ON, Electricity, Hungary, investment, MVM, Orban, regulation, Romania