Eurostat's data show how the energy prices of individual EU member states have developed in recent years: electricity and gas were the cheapest in the EU in Hungary due to the reduction in utility bills - and there is a chance that it will remain so even after the limitation of the utility reduction.

As a result of the general utility reduction in Hungary, which was maintained until yesterday, in recent years the fees payable by domestic residential consumers have become more and more detached from the level of fees paid in other EU countries.

Eurostat's data series show how the energy price of each EU member state developed in the previous years, from the first half of 2017 to the end of 2021, calculated in euros, broken down by half. It should be noted separately that Eurostat calculates the gas price not per cubic meter, but per kilowatt-hour, just like electricity.

Browsing the data shows:

all along, Hungary had the cheapest gas and electricity prices among the EU member states.

At the government's press conference on Wednesday, however, Gergely Gulyás announced that the reduced gas and electricity prices will only remain in effect up to the level of consumption of the average Hungarian household. Those who consume more will then pay the excess at the market price.

Today, the average monthly consumption of households in Hungary is 210 kilowatt hours/month for electricity and 144 cubic meters/month for natural gas.

At the same time, residential utility costs, which are rising in this way but still limited to the level of average consumption, will probably still be among the lowest in today's European price environment.

Source and full article: mandiner.hu

Featured image: azuzlet.hu