Németh: Hungary's energy prices are cheapest in Europe
Szilárd Németh, the government commissioner for maintaining the system of regulated utility prices, said household energy prices in Hungary are the cheapest in Europe.
Citing a price comparison report compiled by the Hungarian Energy and Public Utility Regulatory Authority (MEKH), Németh said household gas and electricity prices were 'significantly' lower than those in other countries in the region, while the difference was even bigger in comparison with other European Union member states.
Household gas prices in Prague are four times that in Hungary, they are close to quadruple in Warsaw and two and half times more in Bratislava and Bucharest. In Stockholm, residents pay 13 times more for their gas than in Hungary.
Household electricity prices in Czechia are four times those in Hungary, they are two and half times more in Poland, double in Slovakia and close to double in Romania. In Germany, household electricity prices are four and a half times higher than in Hungary.
Németh said Hungary's energy supply was secure as well as cheap, pointing to gas reserves containing enough to meet household demand for 155 winter days.
Around HUF 800bn has been earmarked in the 2025 budget for supporting the regulated household utilities price scheme, he added.
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