Hungary Gas Consumption Falls Significantly in December

Energy Trade

Gas consumption in Hungary fell almost 24% in December from the same period a year earlier, the Ministry of Energy Affairs said on Wednesday, according to a report by state news wire MTI.

Household gas consumption dropped by more than 23% and consumption by businesses declined by almost 25%, the ministry said.

The drop was supported by milder weather, changed consumer behavior amid price rises on the back of sanctions, and government measures to cut back on public sector consumption, it added.

For the full year, gas consumption dropped 17%, data from the Central Statistical Office (KSH) show. Household consumption fell 16.6% and consumption by businesses was 17.2% lower.

The ministry noted that electricity consumption fell close to 3% last year and dropped 7.1% alone in the month of December.

ADVERTISEMENT

Pallas Athene Foundation Assets Rise Close to HUF 282 bln Figures

Pallas Athene Foundation Assets Rise Close to HUF 282 bln

Gov't to Launch HUF 700 bln Business Credit Scheme  Government

Gov't to Launch HUF 700 bln Business Credit Scheme 

Duna House Boosts Stake in Italian Peer Residential

Duna House Boosts Stake in Italian Peer

Avatar: The Way of Water Breaks Box Office Record in Hungary Art

Avatar: The Way of Water Breaks Box Office Record in Hungary

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.