New law could boost Émász profits as much as 40%

Under the new law, electricity distributors are required to pay their network transfer fees into a central fund. This year, Raiffeisen estimates these companies will pay a combined Ft 16.6 billion into the fund. The money is then redistributed to the companies according to the ministry's special calculation. While the new law is a windfall for Émász and other peers, such as Titász Rt and Dédász Rt, it will probably translate as fewer profits for Elmü Rt, the electricity distributor for Budapest, and Édász.
ADVERTISEMENT
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.