Under legislation approved on utility price cuts in February 2014, service providers cannot charge retail clients more for electricity consumed after Aug. 31 of this year than 94.3% of the sum they charged for the same amount of electricity on November 1 of last year.

The National Development Ministry regulation, published in the official gazette Magyar Közlöny yesterday, reduces the maximum prices universal service-providers can charge to retail customers accordingly. The February act was part of a series of government measures to reduce the price of public utilities for retail consumers ongoing since the autumn of 2012.