Based on the practice introduced for natural gas prices, Hungary’s government will also give a range of institutions the option of paying fixed electricity prices rather than indexed prices, the energy ministry (Energiaügyi Minisztérium, EM) said on Monday.
The option will be available to state, municipality and church institutions as well as universities run by asset management foundations, the ministry said in a statement. The fixed prices will be in place from the beginning of April until the end of the year, it added. Institutions have until 28 February to decide if they want to switch to paying fixed prices, the ministry said. The scheme aims to help institutions in making their utility costs more calculable, it said.
In their statement, the energy ministry says that the international energy crisis, caused by war and “misguided sanctions”, has pushed energy prices to unprecedented highs. Since the autumn, there has been a gradual recovery, with prices now at more favourable levels than last year’s peaks.
The EM recalls that the government has previously opened up the possibility of switching from variable to fixed price contracts in the natural gas sector. MVM, which serves the widest range of customers, now has more than 700 eligible business partners with access to natural gas at fixed prices at a total of more than 7,500 consumption points, Pénzcentrum reports.
Source: MTI, penzcentrum.hu