Hungarian business students' knowledge of the current Hungarian gas market and gas consumption practices during the energy crisis

Abstract

The pandemic and the war have had a negative economic impact on the world economy. The current structure of the energy market poses a major challenge to national governments, businesses, and households alike, and new strategies need to be developed to focus on energy efficiency. Hungary has also been strongly affected by this situation, which has had an impact on all areas of residential consumption. The present study, based on a primary questionnaire survey carried out in October-November 2022 with 273 evaluable responses, aims to explore the opinions and perceptions of students at a business university in Hungary regarding the energy crisis. The goal is to establish their knowledge about the gas situation and how it is reflected in their consumption practices and savings. The results of a survey of students at the Budapest University of Economics and Business show that young people studying economics are not really aware of the gas market situation in Hungary, but their gas saving habits are characterized by awareness and not primarily motivated by their financial situation.