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Household Utility Price Caps to Stay in Hungary

• 7 Apr 2023 7:47 AM
• Hungary Matters

The government has reviewed the energy situation in Hungary, concluding that the resources are at hand to maintain household utility price caps up to average consumption, the head of the Prime Minister's Office has said.

At a recent cabinet meeting, the government reviewed the energy situation and concluded that the price caps could be maintained until end-2023 and even beyond, Gergely Gulyás told a news briefing.

At the same time, high energy prices are a burden on the Hungarian economy, and harm its competitiveness and industrial performance, he said.

The government will also help some 14,000 companies, local authorities and churches, which under current legislation would pay for energy at last December’s prices as they failed to renew their contracts with the provider before that date.

The government will enable them to renew those agreements at the current prices, Gulyás said. State-owned energy provider MVM will absorb the 20 billion forint (EUR 53.1m) loss, he added.

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• Household Utility Price Caps

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