Authority fines utilities for failing to properly display gov't price cuts on bills

Deals

Hungary's National Consumer Protection Authority has fined energy-service providers E.On, Főgáz and EDF Démász a total of HUF 16 million for failing to meet the requirements regarding their bills, the parliamentary representative from the governing Fidesz party in charge of the utility-fee cuts, Szilárd Németh, announced on Tuesday. Under regulations passed in the middle of February, the utilities must display savings stemming from the government-mandated 10% cut in household electricity, gas and district-heating prices on their bills. Németh said that the National Consumer Protection Authority had imposed first-instance fines of HUF 7 million on E.On, HUF 6 million on Főgáz and HUF 3 million on EDF Démász for failing to comply with the law requiring them to clearly display savings resulting from the January 1 government utility-fee decreases on their bills. The authority earlier fined GDF Suez HUF 10 million and Elmű HUF 8 million for this infraction.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.