The area of activities of Magyar Villamos Művek Zrt. and the company group controlled by it (MVM Group) is one of the most important sectors of strategic importance of the national economy, the domestic electricity industry. The MVM Group is a key player in the electricity sector, the only one in national ownership. Its activities include the areas of electricity generation, transmission, system operation and electricity trade. The structure of the Group corresponds to that of what are called vertically integrated companies, also proven under competitive market conditions in Europe. The integrated structure provides a proper background for developments which are absolutely necessary in the power system and require extreme expenses, while the company can cooperate as a partner with the professional investors representing the largest European power company groups also present in Hungary just due to the organisational structure proven in Europe. Given its capital strength, the Group is able to contribute to the implementation of the national energy strategy objectives efficiently and on the merits due to its ability to reduce risks, arising from its integrated operation and also improving its market competitiveness. The fact that its is owned by the state allows the state to facilitate the implementation of these objectives not only by regulatory means, bust also as owner. |
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