Hungary to launch independent data collector for utilities sector

Telco

The Hungarian government decided last week that it would set up an independent entity, known as the Central Data Collection and Processing Company (KAF), which would be responsible for collecting data on the Hungarian utilities sector, the Prime Minister’s Office announced today.

KAF is expected to help secure the country's energy supply and to boost its efficiency while also providing answers to problems the sector has faced for decades, the statement said. The statement added that KAF will make utilities companies' measuring and billing practices more transparent, simple and consistent.

The Prime Minister’s Office said the company will be established with a share capital of HUF 100 mln and capital reserves of HUF 2.9 bln by February 28. The Hungarian Development Bank (MFB) will exercise ownership rights over KAF and the Hungarian Energetics and Utilities Regulatory Office will oversee the operation.

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