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Gas price moratorium could last till year-end

A moratorium on gas price changes for many Hungarian consumers could remain in place until the end of the year, business daily Világgazdaság reported.

A moratorium on gas prices changes for utilities companies classed as “universal service providers” - those that deliver gas and electricity to households, small consumers and public institutions using a price structure and price level controlled by state authorities, thus mitigating exposure to market forces - was introduced early in the summer and was to remain in place until talks on pricing with utilities companies were completed.

National Development Minister Tamás Fellegi said in June that the talks could wind up by the autumn.

Pál Volner, the state secretary at the National Development Ministry who is in talks with the utilities companies, said on a public television news program on Saturday “it was almost certain” gas prices would not rise in the autumn. (MTI – Econews)