Hungarian government: gas and electricity the EU’s cheapest in Hungary
Some 104,000 families have saved over a combined 10 billion forints (EUR m) on their gas bills since April, when the government introduced “a more predictable” system of public utility invoicing, the energy ministry quoted Szilárd Németh, the government commissioner in charge of the public utility cuts programme, on Tuesday.
Németh said in a statement that the government was committed to maintaining a cap on the price of household utility bills “despite all the extraordinary challenges”, adding that the retail price of electricity and gas were the lowest in Hungary of all European Union members. He added that nine families out of ten were ensured a preferential price for gas and eight could buy electricity below market prices.
“The utility price subsidy scheme ensures Europe’s lowest prices for Hungarian families, so the government will protect the scheme against all attacks,” the commissioner said.
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2 Comments
This is huge.
I lived in Great Britain before coming here, in a comparably-sized apartment, and my gas and electric were just under US$ 100 (and that was in 2021, before the huge price hikes!). Here, for an equal consumption, I pay barely $10.
In Germany people spend their days in malls and communal halls because they can’t afford to heat their homes. Brought to you by Uncle Klaus and the W.E.F.
Vote for the likes of Karacsony and Magyar, and you’ll the same here, too.
The money needs to come from somewhere, believe it or not. And subsidies have their own unpleasant side effects:
https://www.imf.org/en/Publications/selected-issues-papers/Issues/2023/02/27/Drivers-of-Inflation-Hungary-530224
“What??? Subsidies and price caps are an inflation drivers?” – something populist Politicians will conveniently not tell you. Bread and games, people! Stadiums and cheap beer! Big fireworks!
I won´t bring up Hungary´s World Beating 27 percent VAT rate, again, which is eventually all paid by … Exactly. The same families.