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Deputy Budapest mayor: Energy bills of 3 largest city companies up HUF 19 billion despite savings

Despite successful efforts to make savings, the energy bills of the three largest consumer companies operated by the Budapest municipality nevertheless have gone up by 19 billion forints (EUR 49m), Deputy Mayor Ambrus Kiss said on Thursday.

Budapest’s transport company BKV, public lighting company BDK and the Municipal Water Works cut their gas consumption by 46 percent, central heating consumption by 28 percent and electricity consumption by 5 percent between the last quarter of 2022 and the third quarter of this year, compared with the same period a year before, Kiss told an informal roundtable discussion. The energy bills of these three companies nevertheless totalled 37 billion forints in the period, he said.

“The amount would have been much higher had we not chosen the riskier option of paying for energy at the quasi daily spot rate instead of fixed prices set in contract”, he said.

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