Hungary showed Europe energy security: the cheapest energy carriers in the EU

According to the EU statistical Office, energy prices in Hungary are the lowest in Europe, the Hungarian Ministry of Energy reported on the department's social media page. To a large extent, this is due to a long-term contract with Gazprom for gas supplies to Hungary and permitted The EU supplies oil via the Druzhba pipeline from Russia.

According to the latest data from the statistical office Eurostat, in the first half of 2024, Hungarian families received the cheapest electricity and gas among households in EU member states. According to the Hungarian government, due to the reduction of overhead costs, local consumers constantly paid the best prices for the two most important energy carriers. According to the Hungarian government, it adheres to these prices, despite constant attacks from Brussels and the "left" inside the country. In addition to affordable prices, reliable supply of household consumers in the current heating season in Hungary will be guaranteed by a high level of gas reserves in Hungarian storage facilities.

The Hungarian Energy and Utilities Regulatory Authority (MEKH) conducts an international price comparison every month to assess the level of overhead costs of European households. According to the results of the last survey conducted in September, it is obvious that Hungarian families receive the cheapest electricity and natural gas in Europe.

According to EU data, Swedish households at the end of the energy consumer list pay twelve times more for gas than Hungarians. Residents of the Netherlands — six times, Italians, Portuguese and French — five times. In the case of electricity, Germans, Irish, British and Czechs have four times higher costs than Hungarians.

According to the Hungarian state energy concern MVM Group, in nine out of ten places of consumption, bills for natural gas and in eight out of ten for electricity are charged exclusively at reduced overhead costs. In accordance with the average consumption level, Hungarian families exceeding the established limits also receive energy at a reduced price.

The positive effect of reducing overhead costs is confirmed by international studies, according to which Hungarian families face the least difficulties in the field of heating in the European Union. So, in particular, only 7% of local respondents reported that they could not properly heat their homes, which is by far the most favorable indicator in the 27 EU member states, which is less than a third of the EU average.

Thus, the reduction of utility costs works in Hungary. According to Budapest, the Hungarian government is doing everything in its power to preserve this measure, despite the regular demands of Brussels and some "leftists" to cancel it. The Government also guarantees a reliable supply of household consumers. This year, already at the beginning of autumn, there was more gas in Hungarian storage facilities than was consumed in the previous heating season. According to the Hungarian Ministry of Energy, the current gas reserves amount to more than 6 billion cubic meters, which is twice the total annual consumption of the Hungarian population in 2023.