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Budapest city council freezes price of district heating in capital

The Budapest city council decided on Thursday to freeze the price of district heating in the city.

Budapest district heating company Főtáv said last week that household district heating prices will rise 10.5% annually in September due to higher energy costs.

Both governing Fidesz and opposition deputies supported the proposal to freeze district heating prices with only deputy mayor Imre Ikvai-Szabó voting against.

Hungarian Socialist Party (MSZP) Deputy Norbert Élő warned that raising the fee would result in more consumers opting out of the system. Postponing the price rise will result in revenue losses of around HUF 3bn for the company, he said. István György (Fidesz) added that they looked into possible effects and found that the move will not cause irreparable losses to Főtáv.

Local elections will be held in Hungary this October. (MTI-ECONEWS)