This year, the savings come to 179 billion forints, Aradszki told a press conference.

Hungary’s government froze utilities prices after coming to power in 2010 and made a series of price reductions in 2013-2014.

The price cuts save each Hungarian household about 110,000 forints a year, Aradszki said.

Republished with permission of Hungary Matters, MTI’s daily newsletter.