At this point, the crisis does not concern the country that started the war, but the whole of Europe, said Dömötör.Continue reading
The Financial Times recently published a lengthy article analyzing energy prices in Europe, concluding that the average price of electricity for British households is at least 30 percent higher than many of its European neighbors, while Hungary has the cheapest gas.
According to the British business and economics newspaper, the situation is so bad in their country because they rely more heavily on natural gas for energy production, which hits consumers hard.
The average UK household electricity price is at least 30 per cent higher than in many of its European neighbours.
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— Financial Times (@FinancialTimes) September 7, 2022
The article also looked at Hungary, where the utility costs reduction means that household bills are still much lower than in other parts of Europe. The paper admitted as much, writing that
Hungary has by far the lowest household gas costs.
The Financial Times also added that despite criticism from other EU members of the relationship with Moscow, Prime Minister Viktor Orban has signed a number of agreements with Russia that ensure lower-priced gas supplies.
Indeed, the Hungarian government has a long-term contract with Russia for the purchase of gas, and Foreign Minister Péter Szijjártó recently announced that Gazprom will deliver up to 5.8 million cubic meters more gas per day to Hungary via Serbia than the amount stipulated in the long-term contract.
Featured photo: MTI/Balázs Attila