In keeping with the so-called Draghi record, Europe’s competitiveness is lowering. This present day, the EU accounts for 17 % of world GDP, which is equal to China’s determine, however is falling additional and additional at the back of the 26 % stage of the USA. Because it used to be written, it is usually a large drawback that power costs within the EU are a lot upper in comparison to the ones paid in the USA and China.
A part of the cause of the prime costs is that the agreement gadget remains to be gas-based, whilst renewable resources are gaining floor. The EU’s overall fuel garage capability is 93 % complete, this means that 102 billion cubic meters of fuel. In keeping with the Eu Fee’s November 2023 law, member states should fill their fuel garage tanks to a minimum of 90 %.
Are we able to be expecting an power disaster in wintry weather?
Olivér Hortay, the top of the power and local weather coverage trade of Századvég, advised vzászás.hu in reference to the above that, in his opinion, Hungary is ready for the heating season, and the danger of provide issues is not up to in earlier years. On the other hand, he added:
There are vital dangers on the regional stage.
The best chance for our area is the expiration of the Russian-Ukrainian transit settlement on the finish of the yr, however according to the statements of the previous months, it’s anticipated that fuel will arrive via Ukraine subsequent yr as smartly, handiest via Azeri mediation, the professional stated. He famous that almost all of the procurement integrated within the long-term contract signed via Hungary in 2021 now not comes from Ukraine, however from the south.
Olivér Hortay additionally stated that Hungary has a three-month protection reserve, which is enough to triumph over acute issues. In keeping with him, the struggle poses a chance, however there is not any visual issue that would create an enduring provide disruption.
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