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Amendment would mandate MVM to establish gas bourse, build restructuring fee into electricity prices

An amendment submitted to Parliament on Monday would mandate the state-owned Hungarian Electricity Works (MVM) to establish a gas exchange and build in to electricity prices a HUF 1.20-per-kWh restructuring fee for combined-cycle power plants.

The amendment would scrap subsidies for combined cycle plants with output over 50 MW, such as Budapest Power Plant, which supplies much of the capital's district heating.

The government earlier announced plans to revamp the system.