Főgáz to take over E.ON, GDF Suez retail gas clients

Competition

The Hungarian Energy and Utilities Regulatory Office (MEKH) on Friday said it accepted an offer by state-owned Főgáz to take over the retail customers of the local gas units of Germanyʼs E.ON and Franceʼs GDF Suez.

The E.ON and GDF Suez units earlier requested the withdrawal of their "universal service provider" licenses to supply gas to households.

Universal service providers supply gas using a price structure and level controlled by the state.

Főgáz is the bridgehead onto the gas market of the First National Utilities Company (ENKSZ), recently established by the state to act as an efficient, predictable and cheap utilities provider.

ENKSZ said a week earlier that it was prepared to take over the some 1.3 million customers from the two former universal service providers.

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