MEKH fines E.ON, EDF Démász

Competition

The Hungarian Energy and Utilities Regulatory Office (MEKH) fined French-owned electricity distributor EDF Démász HUF 8.5 million and German-owned peer E.ON HUF 7.5 mln on charges of violating consumer protection rules, MEKH said today, according to Hungarian news agency MTI.

MEKH charged the two companies for failing to observe regulations on gauging customer waiting times in their offices, and as a result, the data submitted to MEKH was inaccurate, MTI said.

The companies failed to gauge waiting times regularly, used days when there were fewer customers as reference points and did not register waiting times for some customers.

MEKH instructed the companies to observe the rules.

The Hungarian government said earlier that it is pushing out foreign firms to keep utility bills affordable and ensure a secure energy supply, but critics say their interference does more harm than good, according to an in-depth report by the Budapest Business Journal.

ADVERTISEMENT

Business confidence improves as consumer sentiment worsens Analysis

Business confidence improves as consumer sentiment worsens

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.