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Parliament approves amendments on transfer of retail electricity clients

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The Hungarian Parliament today approved amendments to legislation to ensure uninterrupted service to the customers of electricity distributors that have decided to leave the retail market, Hungarian news agency MTI reported.

The legislation, which clarifies and details the process of transferring such customers from one service provider to another, comes into force the day after its publication in the official gazette Magyar Közlöny, MTI added.

The legislation was drafted in the run-up to the takeover of the retail customers of electricity distributor ELMŰ and its sister company ÉMÁSZ by Hungary’s state-owned utilities company ENKSZ, under an agreement signed between the government and German owner RWE in the spring, MTI said. ENKSZ is in talks with another market player, state secretary Zsuzsa Németh said in September.

ENKSZ launched services on the gas market last May, using Főgáz, also a former unit of RWE, as a bridgehead. Click here for reading our latest in-depth review on the Hungarian utility sector.

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