{"id":173592,"date":"2026-10-30T04:42:04","date_gmt":"2026-10-30T04:42:04","guid":{"rendered":"https:\/\/friss-hirek.hu\/index.php\/pletser-tamas-paks-ii-komoly-fejtorest-okozhat-a-kormanynak-3-4-szer-annyit-kellene-kolteni-a-magyar-energiarendszerre-mint-az-elmult-tiz-evben\/friss-hirek\/"},"modified":"2026-10-30T04:42:04","modified_gmt":"2026-10-30T04:42:04","slug":"pletser-tamas-paks-ii-komoly-fejtorest-okozhat-a-kormanynak-3-4-szer-annyit-kellene-kolteni-a-magyar-energiarendszerre-mint-az-elmult-tiz-evben","status":"publish","type":"post","link":"https:\/\/friss-hirek.hu\/index.php\/pletser-tamas-paks-ii-komoly-fejtorest-okozhat-a-kormanynak-3-4-szer-annyit-kellene-kolteni-a-magyar-energiarendszerre-mint-az-elmult-tiz-evben\/uzlet\/","title":{"rendered":"Pletser Tam\u00e1s: Paks II. komoly fejt\u00f6r\u00e9st okozhat a korm\u00e1nynak, 3\u20134-szer annyit kellene k\u00f6lteni a magyar energiarendszerre, mint az elm\u00falt t\u00edz \u00e9vben"},"content":{"rendered":"<p><strong>Az energiav\u00e1ls\u00e1g legs\u00falyosabb szakasza m\u00e9g el\u0151tt\u00fcnk \u00e1llhat, egy k\u00f6zel-keleti eszkal\u00e1ci\u00f3 \u00fajabb drasztikus dr\u00e1gul\u00e1st hozhat az olaj- \u00e9s f\u00f6ldg\u00e1zpiacon. Eur\u00f3pa felk\u00e9sz\u00fcltebb, mint a 2022-es energiav\u00e1ls\u00e1g idej\u00e9n, de a f\u00f6ldg\u00e1zk\u00e9szletek alacsony szintje \u00e9s a k\u00f6zelg\u0151 t\u00e9l komoly kock\u00e1zatokat tartogat. Magyarorsz\u00e1g energiaell\u00e1t\u00e1sa egyel\u0151re biztos\u00edtott, az igazi k\u00e9rd\u00e9s azonban az, hogy milyen \u00e1ron. Pletser Tam\u00e1ssal, az OTP Alapkezel\u0151 szenior portf\u00f3li\u00f3menedzser\u00e9vel a glob\u00e1lis energiav\u00e1ls\u00e1gr\u00f3l, az orosz energiaf\u00fcgg\u0151s\u00e9gr\u0151l \u00e9s a magyar energiarendszer j\u00f6v\u0151j\u00e9r\u0151l besz\u00e9lgett\u00fcnk.<\/strong><\/p><div id=\"friss-251348300\" class=\"friss-etarget friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var n=o.offsetTop,d=o.offsetLeft,r=o.offsetWidth,a=o.offsetHeight;o.offsetParent;)o=o.offsetParent,n+=o.offsetTop,d+=o.offsetLeft;var i=(n<=window.pageYOffset+window.innerHeight&&d<window.pageXOffset+window.innerWidth&&n+a>window.pageYOffset&&d+r>window.pageXOffset);if(i&&etargetAllowOtherCheck){allowed=!1;var c=document.createElement(\"script\");return c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var etargetCurScript=document.getElementById(etargetScriptID);etargetCurScript.parentNode.appendChild(etargetPostloadPoint),document.addEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b);var etargetAllowOtherCheck=!0;if(typeof(\"forceRunPostload\")==\"string\"){etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b()}<\/script><\/div>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n<div class=\"related-post-links\">\n<p>\t\t<span class=\"related-post-links__title minititle\">Tov\u00e1bbiak ebb\u0151l<\/span><\/p>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/koolaj-foldgaz-energia-valsag-lng-paks-europa-magyarorszag\/\" class=\"related-post-links__link\">Energiaf\u00fcgg\u0151s\u00e9g: nem a k\u0151olaj vagy a f\u00f6ldg\u00e1z l\u00e1ncol minket az oroszokhoz<\/a>\n\t\t\t<\/div>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/energiavalsag-europa-magyarorszag-foldgaz-koolaj-lng\/\" class=\"related-post-links__link\">Elk\u00e9peszt\u0151 \u00f6sszegbe ker\u00fclhet Magyarorsz\u00e1gnak az energiav\u00e1ls\u00e1g, \u00e9s m\u00e9g messze lehet a v\u00e9ge<\/a>\n\t\t\t<\/div>\n<\/div>\n<p><strong>Forbes.hu: Hossz\u00fa \u00e9veken kereszt\u00fcl az Erste elemz\u0151jek\u00e9nt dolgozt\u00e1l, id\u00e9n azonban az OTP Alapkezel\u0151h\u00f6z igazolt\u00e1l portf\u00f3li\u00f3menedzsernek. Mi\u00e9rt d\u00f6nt\u00f6tt\u00e9l a v\u00e1lt\u00e1s mellett?<\/strong><\/p>\n<p><strong>Pletser Tam\u00e1s:<\/strong>\u00a0R\u00e9g\u00f3ta terveztem, hogy a karrierem sor\u00e1n felhalmozott energetikai tud\u00e1somat m\u00e1s ter\u00fcleten is hasznos\u00edtsam. Huszon\u00f6t \u00e9ve vagyok a szakm\u00e1ban, portf\u00f3li\u00f3menedzserk\u00e9nt pedig most lehet\u0151s\u00e9gem ny\u00edlt arra, hogy az OTP Alapkezel\u0151n\u00e9l m\u00e1s form\u00e1ban \u00e9rv\u00e9nyes\u00edtsem mindazt, amit megtanultam. \u00cdgy amikor szembej\u00f6tt a lehet\u0151s\u00e9g, \u00e9reztem, hogy el\u00e9rkezett a v\u00e1lt\u00e1s ideje.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<\/div>\n<\/figure>\n<p><strong>M\u00e1s szemmel kell n\u00e9zned az energiapiacot portf\u00f3li\u00f3menedzserk\u00e9nt, mint kor\u00e1bban elemz\u0151k\u00e9nt?<\/strong><\/p>\n<p>A k\u00e9t szakma k\u00f6z\u00f6tt els\u0151sorban a hangs\u00falyokban van k\u00fcl\u00f6nbs\u00e9g. Elemz\u0151k\u00e9nt sokkal m\u00e9lyebben elmer\u00fclhetsz egy-egy t\u00e9m\u00e1ban, portf\u00f3li\u00f3menedzserk\u00e9nt viszont a teljes nyersanyagpiac sz\u00e9les spektrum\u00e1t kell figyelned.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>A m\u00e1sik fontos k\u00fcl\u00f6nbs\u00e9g, hogy amikor egy befektet\u00e9si alapot kezelsz, a teljes\u00edtm\u00e9nyedet mindennap m\u00e9rlegre teszik. A hozamok maguk\u00e9rt besz\u00e9lnek.<\/p>\n<\/blockquote>\n<p>Elemz\u0151k\u00e9nt rendk\u00edv\u00fcl gyorsan kellett dolgozni, folyamatosan k\u00f6vett\u00e9k egym\u00e1st a hat\u00e1rid\u0151k. Egy aktu\u00e1lis h\u00edr megjelen\u00e9se ut\u00e1n ak\u00e1r \u00f3r\u00e1kon bel\u00fcl el kellett k\u00e9sz\u00edteni egy elemz\u00e9st. Most els\u0151sorban arra kell figyelnem, hogyan v\u00e1ltozik a portf\u00f3li\u00f3 egyes elemeinek \u00e9rt\u00e9ke, \u00e9s ha rossz ir\u00e1nyba indulnak a folyamatok, mik\u00e9nt tudjuk minimaliz\u00e1lni a kock\u00e1zatokat. A c\u00e9l a folyamatos pozit\u00edv hozam el\u00e9r\u00e9se, ami egy ennyire volatilis piacon \u00e1lland\u00f3 figyelmet ig\u00e9nyel.<\/p>\n<p><strong>A <a href=\"https:\/\/www.forbes.hu\/penz\/koolaj-foldgaz-energia-valsag-lng-paks-europa-magyarorszag\/\">Forbes Money Summiton<\/a> azt mondtad, hogy Eur\u00f3p\u00e1t energiav\u00e1ls\u00e1g s\u00fajtja, r\u00e1ad\u00e1sul a legrosszabb m\u00e9g h\u00e1travan. Mi v\u00e1lthatja ki a v\u00e1ls\u00e1g legs\u00falyosabb szakasz\u00e1t?<\/strong><\/p>\n<div class=\"highlighted-text\">\n<p>\t\t<span class=\"highlighted-text__title minititle\">Err\u0151l sz\u00f3l m\u00e9g a cikk<\/span><\/p>\n<div class=\"highlighted-text__content\">\n<ul>\n<li>Hol lesz a v\u00e1ls\u00e1g m\u00e9lypontja?<\/li>\n<li>Mivel j\u00e1rna az ir\u00e1ni h\u00e1bor\u00fa eszkal\u00e1ci\u00f3ja?<\/li>\n<li>Meddig dr\u00e1gulhat a d\u00edzel?<\/li>\n<li>Hamarosan h\u00e1rom sz\u00e1mjegy\u0171 \u00e1rakat l\u00e1thatunk a holland g\u00e1zt\u0151zsd\u00e9n<\/li>\n<li>A 2022-es v\u00e1ls\u00e1g tapasztalatai \u00e9s a 2026-os val\u00f3s\u00e1ga<\/li>\n<li>Mi\u00e9rt ilyen dr\u00e1g\u00e1k a finom\u00edtott term\u00e9kek?<\/li>\n<li>Magyarorsz\u00e1g helyzete az energiav\u00e1ls\u00e1gban: vesz\u00e9lyben az ell\u00e1t\u00e1s?<\/li>\n<li>Hogyan cs\u00f6kkenthetj\u00fck az energiaf\u00fcgg\u0151s\u00e9g\u00fcnket?<\/li>\n<li>Energetikai beruh\u00e1z\u00e1s: 30\u201340 milli\u00e1rd eur\u00f3ra lenne sz\u00fcks\u00e9g<\/li>\n<\/ul><\/div>\n<\/div>\n<div><\/div>\n<div class=\"premium-blocker premium-blocker--hu\" data-needed=\"web\" data-current=\"[&quot;free&quot;]\">\n<div data-needed=\"web\"><\/div>\n<\/div>\n<p>\t\t<!-- No email blocks found --><\/p>\n<p>The post <a href=\"https:\/\/www.forbes.hu\/penz\/energiavalsag-befektetes-koolaj-foldgaz-ellatas-energia-europa-magyarorszag\/\">Pletser Tam\u00e1s: Paks II. komoly fejt\u00f6r\u00e9st okozhat a korm\u00e1nynak, 3\u20134-szer annyit kellene k\u00f6lteni a magyar energiarendszerre, mint az elm\u00falt t\u00edz \u00e9vben<\/a> appeared first on <a href=\"https:\/\/www.forbes.hu\/\">Forbes.hu<\/a>.<\/p><div id=\"friss-2739150720\" class=\"friss-etarget-cikk-vege friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var 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id=\"friss-1980497606\" class=\"friss-after-content_3 friss-entity-placement\">https:\/\/www.youtube.com\/watch?v=Pdnw4KiUWp0<\/div>","protected":false},"excerpt":{"rendered":"<p>Az energiav\u00e1ls\u00e1g legs\u00falyosabb szakasza m\u00e9g el\u0151tt\u00fcnk \u00e1llhat, egy k\u00f6zel-keleti eszkal\u00e1ci\u00f3 \u00fajabb drasztikus dr\u00e1gul\u00e1st hozhat az olaj- \u00e9s f\u00f6ldg\u00e1zpiacon. Eur\u00f3pa felk\u00e9sz\u00fcltebb, mint a 2022-es energiav\u00e1ls\u00e1g idej\u00e9n, de a f\u00f6ldg\u00e1zk\u00e9szletek alacsony szintje \u00e9s a k\u00f6zelg\u0151 t\u00e9l komoly kock\u00e1zatokat tartogat. Magyarorsz\u00e1g energiaell\u00e1t\u00e1sa egyel\u0151re biztos\u00edtott, az igazi k\u00e9rd\u00e9s azonban az, hogy milyen \u00e1ron. Pletser Tam\u00e1ssal, az OTP Alapkezel\u0151 szenior [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-173592","post","type-post","status-publish","format-standard","hentry","category-uzlet"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/173592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/comments?post=173592"}],"version-history":[{"count":0,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/173592\/revisions"}],"wp:attachment":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/media?parent=173592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/categories?post=173592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/tags?post=173592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}