Official: Utilities price cuts save households HUF 334 bln

EU

Hungarian government-mandated utilities price cuts in 2013-2014 saved Hungarian households approximately HUF 334 bln, state secretary János Fónagy reportedly said at a press conference today.

According to the state secretary, reductions are expected to save a further HUF 240 bln by the end of this year. Hungarian news agency MTI noted that the government earlier mandated the cuts in three steps, reducing gas prices by 25%, electricity prices by 24.5% and district heating prices by 22.6%.

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