Households in Hungary Enjoy Cheapest Energy in Europe

  • 29 Oct 2024 4:38 PM
  • Hungary Today
Households in Hungary Enjoy Cheapest Energy in Europe
Hungarian households had the cheapest access to electricity and gas in the first half of 2024, according to Eurostat’s latest aggregate data. Hungarians have been paying the lowest prices for the two most important energy sources for a long time thanks to the cuts in the electricity and gas bills, writes Magyar Nemzet.

The Ministry of Energy said in a statement that the cuts had worked and that the Hungarian government will maintain the measure despite the constant attacks from Brussels and the left. In addition to affordable prices, the high level of gas stocks will guarantee a secure supply for domestic users during the current heating season.

The ministry emphasized that the Hungarian Energy and Utilities Regulatory Authority (MEKH) prepares monthly international price comparisons on the development of electricity prices for European households.

Based on the results of the latest survey carried out in September, it is clear that Hungarian families receive the cheapest electricity and natural gas in Europe.

Looking at EU figures, Swedish households at the other end of the scale pay 12 times more for gas than Hungarians, Dutch households six times more, and Italian, Portuguese, and French households five times more. For electricity, the cost surplus is four times higher for Germans, Irish, English, and Czechs.

According to the Hungarian power compay MVM Group, nine out of ten consumption points are charged only at reduced prices for natural gas and eight out of ten for electricity. Up to the average consumption, families above the band limit can also benefit from reduced energy prices.

The positive effects of the cuts are confirmed by international research by Századvég, showing that Hungarian families have the least heating difficulties in the European Union.

Only seven percent of Hungarian respondents reported that they could not heat their homes properly, by far the lowest rate in the 27 Member States and less than a third of the EU average.

“So the utility cost reduction, unique in Europe, is working. This is why the Hungarian government is doing everything it can to preserve the measure, despite regular calls from Brussels and the left to end it.

The government is also guaranteeing a secure supply for domestic consumers: already at the beginning of autumn this year, there was more gas in domestic storage than the total amount used up in the previous heating season,” the Ministry of Energy posted on Facebook.
 

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

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?

XpatLoop Media Partner

Hungary Today

Launched online long after XpatLoop.com, this 'government-related' source states its aim is "to provide a complete, unbiased picture of Hungary”. However the site also says that this “does not necessarily mean that our writers do not have their own opinions,” which is useful for our readers to keep in mind. Another stated aim expressed is to become “the leading English-language news portal of Hungary”, which is a role that XpatLoop has successfully fulfilled independently for well over two decades. That noted, our team is open to occasionally sharing a useful Hungary Today article - with their permission of course - for the benefit of our readers.

Explore More Reports

  • Major Renovation Planned for Gödöllő Royal Palace in Hungary

    Major Renovation Planned for Gödöllő Royal Palace in Hungary

    • 4 Nov 2025 2:28 PM

    Hungary’s iconic Royal Palace of Gödöllő — once home to Queen Elisabeth (“Sisi”) — is set for a comprehensive modernisation. A large-scale renovation project will restore the entire complex, enhance sustainability, and expand its visitor facilities over the next nine years.

  • Subsidy Cap Raised for Home Energy Efficiency Upgrades in Hungary

    Subsidy Cap Raised for Home Energy Efficiency Upgrades in Hungary

    • 16 Oct 2025 5:19 AM

    The maximum amount of non-refundable grants and interest-free loans available for applicants for upgrading the energy efficiency of family houses through a HUF 73bn programme will increase to HUF 10m from HUF 6m, the Energy Ministry said.