In July 2013 Budapest had ranked second worst in a European comparison, but after the government put a utility price-cut scheme in place in April Budapest fares much better: prices are higher in Bratislava, Bucharest, Prague, Warsaw and Lisbon, Zsolt Scherer, a spokesman for the Energy and Utilties Regulator said.

The utility bill cuts began in January 2013 with cuts of 10% to gas, electricity and district heating prices.

In November a further cut was administered in gas, electricity and district heating, amounting to 11.1%. As of April 1, prices were cut by another 6.5%.

Plans are to continue the cuts in the autumn, with electricity prices slashed by 5.7% and district heating by 3.3%.

Source www.hungarymatters.hu

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