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

Voluntary Pension Fund Contributions up 8% in 2023 Figures

Voluntary Pension Fund Contributions up 8% in 2023

Lawmakers to Vote Monday on New President Parliament

Lawmakers to Vote Monday on New President

AutoWallis Group to Remain Opel Importer in Hungary, 3 CEE C... Automotive

AutoWallis Group to Remain Opel Importer in Hungary, 3 CEE C...

Hungarians Prioritizing Travel Over Renovations This Year Tourism

Hungarians Prioritizing Travel Over Renovations This Year

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.