• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2dnh_logo_feher2
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Breaking News
Support us
Hetzmann Mercédesz Hetzmann Mercédesz · 25/07/2022
· Business

What’s the truth? Energy in Hungary is far from being the cheapest

economy energy European Union Hungary

There are countries that have protected their utility bills less from the world market, yet energy is cheaper than the Hungarian government claims.

Higher energy prices from August

The government media communicates about HUF 242 (EUR 0.61) for electricity and HUF 912 (EUR 2.3) for gas, while on the free market you can buy cheaper, reports atlatszo.hu. Looking at the neighbouring countries, it is also clear that the market price the Hungarian government is imposing would be exclusive to Hungary: nowhere in Central and Eastern Europe do residents pay so much for gas and electricity.

What are the numbers?

Szilárd Németh, deputy leader of Fidesz, said the following after Gergely Gulyás, Minister of the PM’s office, announced at an extraordinary cabinet briefing that the official gas and electricity prices for the population cannot be maintained, so they will be changed:

“The average consumer pays HUF 7750 (EUR 19.54) for electricity per month with the protection of the utility bills. If there were no preferential price, the electricity bill would be HUF 50 833 (EUR 128.18). The same for gas is HUF 15 833 (EUR 39.92), which would cost HUF 131 441 (EUR 331.44) per month if there were no overhead cuts. In a year, therefore, the average consumption costs HUF 93,000 (EUR 234.68) for electricity instead of HUF 610,000 (EUR 1539.32), and HUF 190,000 (EUR 479.4) for gas instead of HUF 1.5 million (EUR 3784.76).”

  • Read also: Hungarian Chief Rabbi also reacts to Orbán’s “mixed-race” speech

How about neighbouring countries?

This showed that the government had calculated an electricity price of HUF 242 (EUR 0.61) and a gas price of HUF 912 (EUR 2.3) per cubic metre. Under the new system, which will go live in August, consumers will now pay the bulk of the bills. However, nowhere in neighbouring countries are the energy prices as brutally hight as the government has introduced.

The Czech Republic is the most expensive, but life is not cheap in Romania either. Slovakia and Serbia also have price controls, but they still pay more than we do here at home. However, that is still less than the price announced by the government for August.

  • Read also: Fixed prices at Wizz Air after huge price increases

The Hungarian Energy and Public Utility Regulatory Office (MEKH) has regularly published data on energy prices in Europe, always highlighting the low prices in Hungary. MEKH’s website also provides market prices, which show that market players receive electricity much cheaper than the government claims, writes atlatszo.hu.

Summary – planned price higher than market price

To summarise, gas and electricity in Hungary is one of the cheapest among the European capitals as a result of the utility cuts, but the proposed price would be significantly higher than the market price.

The market price of gas for Budapest would be HUF 781.8 (EUR 1.97) per cubic metre, while the planned price is HUF 912 (EUR 2.3). The market price of electricity would be HUF 90.17 (EUR 0.23) per kilowatt-hour, while the planned price is 242 HUF (EUR 0.61)!

Natural gas burner
Read alsoHungary remains one of the cheapest energy markets in Europe

Source: atlatszo.hu, DNH

Related Posts
Hungarian green party slams the government
Máté Kanász-Nagy
Szijjártó: Hungary had become a meeting point for Eastern and Western investments
Péter Szijjártó
ESSCA Budapest commemorates its 30th anniversary in Hungary
Decide what the beer of the country should be in Hungary!
economy energy European Union Hungary
Share

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.


Thank you!

You have successfully joined our subscriber list.


.


About us

Contact us

Copyright rules

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Daily News Hungary
Manage Cookie Consent
Like all websites, Daily News Hungary uses cookies to provide you with a more pleasant experience when you visit our Website. Because we are committed to keeping your information secure, this Notice explains exactly what cookies we use, for what purposes, under what conditions and for how long.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}