Illustration - Photo: Wikipedia

Ministry: Hungary institutions eligible for fixed electricity prices

Based on the practice introduced for natural gas prices, Hungary's government will also give a range of institutions the option of paying fixed electricity prices rather than indexed prices, the energy ministry said on Monday.

The option will be available to state, municipality and church institutions as well as universities run by asset management foundations, the ministry said in a statement. The fixed prices will be in place from the beginning of April until the end of the year, it added.

Institutions have until Feb. 28 to decide if they want to switch to paying fixed prices, the ministry said. The scheme aims to help institutions in making their utility costs more calculable, it said.

Leave a Reply