Fight Over Utility Fee Cuts Must Be Fought In Brussels, Says Hungary’s PM

  • 3 Feb 2014 8:00 AM
Fight Over Utility Fee Cuts Must Be Fought In Brussels, Says Hungary’s PM
The fight over utility fee cuts must be fought in Brussels instead of Budapest in the months ahead, Prime Minister Viktor Orbán told public radio. The European Union wants to deregulate energy prices, and experience shows that in countries without price regulation – where competition could have developed in the energy sector – companies did backroom deals and prices were higher than those set by the state, he said.

It is not enough to support the needy since the middle classes also suffer from companies abusing their power, Orbán said.

Household energy prices should be kept generally low, he added. Orbán said businesses need nonprofit energy service providers, too, to preserve jobs. This requires years of work “but we will introduce it ... and there will be others who follow us,” he added.

Source www.hungarymatters.hu

Follow that link to sign-up for MTI’s twice-daily newsletter.

  • How does this content make you feel?