Gas, electricity consumption grows
Consumption of both natural gas and electricity rose in Hungary despite milder winter, as compared to the previous one, by 1.5% and 3% respectively, partly due to government-initiated reduction of retail gas and electricity prices, launched in 2013, Hungarian economy daily Napi Gazdaság said today, citing data from Hungary's Energy and Utilities Regulatory Office (MEKH).
The paper also noted that economic growth could also be a factor for the increase in consumption. According to the paper, in the period of December 2014 - February 2015, Hungarian consumers used 3.662 billion cubic meters of natural gas, 54,000 cubic meters more than the previous winter.
The data suggest that Hungarian households alone used up 1.111 bln cubic meters of gas during winter, 6.5% more than in the previous year, while electricity consumption reached 11,235 GWh, up from 10,883 GWh a year earlier.
The paper added that after a combined 20% cut in 2013, the retail price of gas fell 6.5% from April 2014, retail electricity prices fell 5.7% from last September and district heating prices fell 3.3% from October as part of the government-mandated price reductions.
Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next 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.
