Utilities price cuts donʼt produce scaled back investments

History

The energy sector has not scaled back investments in spite of government-mandated cuts to household utilities fees, deputy state secretary László Túróczy told Parliamentʼs European affairs committee today.

Hungaryʼs government reviewed the effects of the reductions in fees on the recommendation of the European Union and found no negative impact, Túróczy said.

Addressing concerns by an opposition MP on the dismantling of the power plant capacity in Hungary, Túróczy said the trend was temporary, blaming it on the state of the global economy rather than the utilities fee cuts.

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