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Hungary: Energy Office orders to pay refund for overpricing

  The Hungarian Energy Office (MEH) on Thursday said it decided to order the country’s four so-called universal electricity suppliers to pay their retail and institutional clients as well as small consumers a HUF 5 billion ($22.9 million) refund because of overpricing.

MEH found the companies were overcharging about HUF 0.4 per kWh, MEH said.

The refund works out to about HUF 500 per consumer. 60% of the refund must be paid directly to consumers by applying it the balance on their electricity bills by September 30, 2009.

The rest must be paid to foundations that help low-income households by July 31, 2009. (MTI-Econews)