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Gov't Raises Heat Value Threshold for Avg Gas Consumption

Government

Hungary's government decided to raise the heat value threshold for regulated price gas consumption to 63,645 MJ/year, Gergely Gulyás, the head of the Prime Minister's Office, said at a weekly press briefing on Tuesday, according to a report by state news wire MTI.

The threshold was raised from 59,132 MJ/year.

Gulyás said the adjustment reflects the varying heat values of gas used by Hungarian households, depending on whether it comes from Russia or sources in the West or is domestically produced.

In volume terms, the legal threshold for average annual gas consumption is 1,792 cubic meters.

From August 1, Hungarian households pay regulated prices for gas and electricity only up to average consumption. They are charged a "market price" - still cheaper than the prices on the open market - for consumption over the threshold.

Gulyás said no adjustments were necessary to the threshold for average consumption of electricity.

He said there are 3.8 billion cubic meters of gas in Hungary's gas reserves, enough to cover total demand for 76 winter days or "almost half a year" in the case of only households. The reserves are at 60.6% capacity, he added.

He said talks are ongoing on procuring more gas.

Answering a question on reports of a recent flight by a state-owned aircraft to Moscow, he said Marton Nagy, the economic development minister, had held talks on procuring energy there.

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