KSH: Hungarian energy bills drop closer to EU average

EU

Once among the most expensive in Europe, Hungarian household energy prices have dropped to somewhere in the middle range for the EU, according to Hungary’s Central Statistics Office (KSH). Between 2005 and 2013, a period when inflation in Hungary increased by 50%, household energy prices here almost doubled.

The government began cutting utility fees, and inflation began to slow in 2013. In that year, household energy bills went down by 8.5%, and overall prices rose only 1.7%.Hungary's electricity prices were actually the highest in the EU in the first halves of 2009, 2010 and 2011. In the first half of 2013, Hungarian energy consumers paid the eighth highest electricity prices in the EU.

Gas prices have also declined. Between the first half of 2010 through to the start of 2012, household gas prices were among the most expensive in Europe, but in the first half of 2013, they dropped to 13th place. Consumption has been on the decrease since 2005 while the proportion of energy imports has been rising modestly, the KSH said.

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Chain Bridge to be closed for traffic for 18 months City

Chain Bridge to be closed for traffic for 18 months

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.