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AmCham calls for public utilities board or stronger energy office

The American Chamber of Commerce (AmCham) has called for a Public utilities Board or a stronger Energy Office to be set up in order to help Hungary become more competitive, AmCham's Energy and Environment Protection Committee Director Daniel Antal said in Budapest.

AmCham's recommendation is that, following the example of the US and Germany, the regulatory authorities be merged under the supervision of a Public Utilities Board that would be free from politics. This could be a “price-regulating authority” restricting price rises in both the short- and the long-term, optimizing the operating and investment costs of the energy utilities.

Answering a question, Antal told MTI that the price regulation is “not sufficiently cost-based”. (MTI – Econews)