Report: Budapest utility prices among lowest in Europe
Retail gas and electricity prices in Hungary are now among the lowest in Europe, after a round of government-mandated price cuts, business daily Napi Gazdaság reported today. At €0.134 per kilowatt hour (kWh), the average retail price for electricity in Budapest is more expensive only than the price in Belgrade (€0.0624), Zagreb (€0.129) and Bucharest (€0.1309), the ‘paper reported, citing data from E-Control Austria, VaasaETT and the Hungarian Energy Regulatory Office (MEKH).
The Hungarian mark is well below the €0.1826 average shown in a survey of 23 capital cities around Europe.
The average price of retail gas in Budapest, at €0.0371 per kWh, is the second-cheapest in Europe after Bucharest.
Hungary’s government mandated 20% cuts in household gas and electricity prices in 2013.
Although gas and electricity are cheaper now, Hungarians still spend more of their income – about 6% – on these bills than in Vienna or Berlin, where the ratio is a little more than 2%, according to the ‘paper.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
