• Home
• Channel: Property
• Official: Retail Price of Electricity & Gas is Lower In Hungary Than All EU Members

Official: Retail Price of Electricity & Gas is Lower In Hungary Than All EU Members

• 10 Jul 2024 12:07 PM
• Hungary Matters

Some 104,000 families have saved over a combined 10 billion forints (EUR 25.4m) on their gas bills since April, when the government introduced “a more predictable” system of public utility invoicing, the energy ministry quoted Szilárd Németh, the government commissioner in charge of the public utility cuts programme, as saying on Tuesday.

Németh said in a statement that the government was committed to maintaining a cap on the price of household utility bills “despite all the extraordinary challenges”, adding that the retail price of electricity and gas were the lowest in Hungary of all European Union members.

He added that nine families out of ten were ensured a preferential price for gas and eight could buy electricity below market prices.

“The utility price subsidy scheme ensures Europe’s lowest prices for Hungarian families, so the government will protect the scheme against all attacks,” the commissioner said.

MTI Photo: Lajos Soós

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers? Then just contact us here!

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Retail Price Electricity Gas

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

Museum in Budapest Wins Gold at Real Estate 'World Prix d'Excellence' Awards

• 6 Jun 2024 7:00 AM

Hungary's new Museum of Ethnography, part of the Liget Budapest Project, has been acknowledged at the Fiabci World Prix d'Excellence Awards in Singapore, according to a press release.



Details Revealed of HUF 108 Billion Scheme to Support Home Energy Efficiency Upgrades in Hungary

• 7 Apr 2024 6:00 AM

The government will launch a 108 billion forint (EUR 275.4m) scheme for energy improvements in homes built before 1990, the state secretary for energy and climate policy said.



Budapest Still Has the Lowest Household Energy Prices in EU

• 8 Jan 2024 2:43 PM

Maintaining its long-standing position, Budapest again came out on top in December in a comparison of EU capitals of where electricity and gas are cheapest for households. However, including capitals in non-EU countries, households in Kyiv, Ukraine had to pay less than Budapest for electricity and gas, Világgazdaság reports.



Update: Fidesz Aims to Override New EU Directive Regarding Households with Solar Panels in Hungary

• 14 Sep 2023 12:25 PM

Hungary’s government will keep the current annual balance settlement system in place for families that have installed solar panels, Energy Minister Csaba Lantos said.