The Hungarian Energy and Public Utility Regulatory Authority (MEKH) announced the results of an international price comparison study on Thursday.
The statement said that electricity costs for Hungarian consumers did not increase in December. Households paid the second cheapest price (9.02 euro cents per kilowatt-hour) for electricity in the last month of the year for average consumption in the protected price category (2,523 kilowatt-hours per year) among European capitals.
Average electricity prices for households in Europe, in euros. (Source: MEKH)
Households consuming 20 percent more than the average annual consumption were able to access electricity at 10.40 euro cents, also the second cheapest price in Europe, they said.
In Europe, only Belgrade – the capital of non-EU member Serbia – was cheaper than Hungary, according to the table published by MEKH, with households in Belgrade paying 8.47 euro cents for electricity.
Average gas prices for households in Europe, in euros. (Source: MEKH)
According to the agency, natural gas was the cheapest in Hungary in December at a reduced price of 2.48 euro cents per kilowatt hour (up to 63,645 megajoules per year).
Hungarian households had access to gas at 5.04 euro cents per kilowatt-hour, the second cheapest price in Europe when consumption was 20 percent above the average, they said. Only residents in Belgrade paid a lower price of 3.53 euro cents.
In December, electricity prices paid by residential consumers rose by 23 percent in Helsinki, 20 percent in Madrid, and 18 percent in Stockholm compared to November. The retail price of natural gas rose by 31 percent in Stockholm, 13 percent in Sofia, and 10 percent in Athens in the same month.
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