Utility Price Caps to Stay in Hungary

  • 2 Aug 2023 11:13 AM
  • Hungary Matters
Utility Price Caps to Stay in Hungary
The government has decided to maintain current subsidies for maintaining low utility bills during the next “utility year” starting on Aug. 1, the government commissioner in charge of the scheme said.

Szilárd Németh told a press conference that the funds for financing the scheme in 2024 were in place in the central budget, adding that households consuming gas and electricity up to average consumption levels would save a monthly 181,000 forints (EUR 465) thanks to the price subsidy.

Under the programme, launched in August last year, families can buy 1,729 cubic metres of gas per year, and 2,523 kilowatt hours of electricity at a preferential price, the commissioner said.

Citing Eurostat figures, he added that Hungarians were charged the lowest price for gas and electricity in the European Union.

Németh insisted that the government was adamant on continuing the scheme despite “incessant attacks by Brussels and Hungary’s left wing”.

“Brussels would make Hungarian families pay the price of the war [in Ukraine] and its own ill-advised sanctions policy, and would strip national governments of their power to regulate household energy prices,” he said, adding that Hungary’s leftist opposition “fully serves Brussels in return from monies received from abroad.”

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