The Hungarian government will maintain the cuts despite the constant attacks from Brussels and the left.Continue reading
In line with the goals of the economic action plan, more micro-enterprises will be able to return to the universal service offering discounted electricity prices from January, the Energy Minister said in a video published on the Ministry’s social media page on Tuesday.
In the video, Csaba Lantos said that the government is guaranteeing the lowest electricity and gas prices in Europe for Hungarian families by cutting electricity bills.
In order to preserve jobs and stimulate the economy,
the government is trying to reduce the energy costs of as many Hungarian businesses as possible, he noted, adding that the development of energy costs is a crucial factor for businesses.
The minister recalled that the conditions for micro-enterprises to qualify for universal service changed in August 2022, due to the international energy crisis.
He stressed that the Hungarian Association of Craftmen’s Corporations is working with the MVM Group, the national energy service provider, to relieve even more companies from additional costs: under their summer agreement, the power company had already waived the debts of nearly a thousand micro-enterprises, totaling around HUF 160 million (EUR 390,824), by the end of October.
We are now taking another step in this direction, this time a much bigger one: from next year, more micro-enterprises will be able to return to the universal service,”
highlighted Lantos.
The politician explained that as a complementary measure to the economic action plan, they will have the possibility to buy electricity at a much more favorable price than the market price, after the expiry of their existing market contracts. “The Ministry of Energy will do its utmost to promote economic growth, expand employment, and strengthen competitiveness,” he stressed.
On the ministry’s Facebook page, alongside the video, the post said that
the 860,000 micro-enterprises operating in Hungary provide jobs for nearly 40 percent of the workforce in the competitive sector.
These companies contribute more than 17 percent to the national GDP, from small shops to family car repair shops and hairdressers.
Approximately 400,000 are registered in residential homes, hence they pay the residential feed-in tariff for electricity. A further 120,000 or so micro-businesses currently receive electricity at a non-residential discounted rate.
Via MTI; Featured image via Pixabay
