ADVERTISEMENT

Brussels to take Hungary to court over regulated energy prices

EU

The European Commission is taking Hungary to court over energy market price regulation, Hungary’s Cabinet Chief János Lázár said yesterday, according to state wire service MTI.

The EC wants to leave price regulation up to companies, while Hungary believes the state and the authorities should decide this, Lázár said during his regular weekly press conference.

Early last December, the EC stepped up an infringement procedure against Hungary for keeping legislation that allows the government to determine terms and conditions for connection and access to national networks, provision of balancing services and access to cross-border infrastructures, MTI said. The provisions in the legislation violate EU directives on gas and electricity.

Hungary had two months to report on remedial measures, after which time the EC had the option to refer the case to the EUʼs Court of Justice.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.