MEKH: Gas, electricity among cheapest in EU

Energy Trade

According to an international price comparison study made by the Hungarian Energy and Utilities Regulatory Authority (MEKH) in March, natural gas in Budapest is still the cheapest in Europe and electricity is the second cheapest among European capitals according to novekedes.hu.

The average price of natural gas in Budapest in March was EUR 0.028 per kilowatt-hour (kWh), while the average price of electricity paid by residential consumers was EUR 0.1041 per kWh.

The average retail electricity price paid in the capitals of the 27 EU member states in January was EUR 0.2555 per kWh; Hungarian consumers paid 60% less for electricity than the EU average.

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