Fidesz to submit amendments because of utilities companies conduct against price cuts

Competition

The head of a workgroup established by governing Fidesz to ensure utilities companies comply with a government mandated 10% reduction in household gas, electricity and district heating prices from the start of this year will submit amendments to legislation because of conduct by some service providers that opposes the measure. Szilárd Németh told Parliament on Tuesday that the amendments would end any opportunity for utilities companies to use "tricks" to get around the approved reduction in prices. He also said electricity distributor Elmű and district heating company Főtáv would be reported to the National Consumer Protection Office and the Hungarian Energy Office for statements to consumers concerning the price drops. He said the letter sent by Elmű to customers was "full of...half truths and lies". Utilities companies are required to clearly show consumers savings resulting from the reduction in their bills.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AI may Save Hungarian Healthcare, Says Leading Doctor Science

AI may Save Hungarian Healthcare, Says Leading Doctor

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.