István Kapitány Must Remit Nearly 120 Billion Forints to Service Providers for Reduced Energy Costs by the End of the Month
6 Articles
6 Articles
This is how much the overhead costs will be in the third quarter.
The Hungarian government has decided in an extraordinary resolution on the compensation for the utility protection service in the third quarter. According to the legislation published in the latest Hungarian Gazette, the cabinet will provide almost 119 billion forints for compensation to domestic energy suppliers.
Based on the resolution, the Minister of Economy and Energy must transfer 57.33 billion forints from the funds made available to contracted electricity service providers and a further 61.62 billion forints to natural gas service providers.
The Hungarian government has made an extraordinary decision regarding the protection of overhead costs - they decided to reallocate 119 billion forints.
In the third quarter of the year, nearly 120 billion forints can be used to offset low residential electricity and gas bills.
The government has decided to transfer approximately HUF 119 billion once to finance the compensation of the overhead protection service in the third quarter. According to the decision published in the Hungarian Gazette, the source will be distributed among electricity and natural gas suppliers. Electricity companies receive more than 57 billion forints and natural gas suppliers more than 61 billion forints. The amounts are transferred to the se…
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