Budapest Gas Prices Second Cheapest In Europe

  • 15 May 2014 12:40 PM
Budapest Gas Prices Second Cheapest In Europe
Budapest offers the second lowest natural gas prices among European capitals, a report published by the Hungarian Energy and Utilities Regulatory Office said. The price of electricity is the third cheapest in the Hungarian capital, it said.

 In July 2013 Budapest had ranked second worst in a European comparison, but after the government put a utility price-cut scheme in place in April Budapest fares much better: prices are higher in Bratislava, Bucharest, Prague, Warsaw and Lisbon, Zsolt Scherer, a spokesman for the Energy and Utilties Regulator said.

The utility bill cuts began in January 2013 with cuts of 10% to gas, electricity and district heating prices.

In November a further cut was administered in gas, electricity and district heating, amounting to 11.1%. As of April 1, prices were cut by another 6.5%.

Plans are to continue the cuts in the autumn, with electricity prices slashed by 5.7% and district heating by 3.3%.

Source www.hungarymatters.hu

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