Hungarian National Utilities Company To Enter Electricity Market By Start Of 2016
- 20 Apr 2015 4:00 AM
Hungary’s First National Utilities Company (ENKSZ) is expected to start offering electricity services by the beginning of next year at the latest, the company’s chief executive, Péter János Horváth, said in an interview published in daily Magyar Hírlap. Horváth said there was still much work to be done before ENKSZ can start offering district heating services because of the peculiarities of the market.
ENKSZ was recently established by the government to act as an efficient, predictable and cheap utilities provider. It started operating on the gas market this month, partnering with state-owned Főgáz, and will later launch on the electricity and district heating markets.
Horváth said ENKSZ could not promise to undercut its competitors, but it would weigh any steps to reduce operating costs and pass these savings on to consumers.
Source www.hungarymatters.hu
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