The Hungarian utility cost reduction programme: An impact assessment

In Hungary, regulated energy prices fell by a quarter in 2013–2014 due to state intervention. The objective of this article is measure the effects change on Hungarian residential consumption and assess rationale, policy context other consequences such an We decompose energy-use 2010–2018. calculate 13.2 PJ excess relating programme, find that higher income deciles benefited most from lower compared low-income households using market-priced lower-quality fuels living inefficient homes. intervention lacked strong background. documents were later adjusted situation finally programme was linked poverty. point price-setting failures discrepancies between energy-efficiency goals measures as well negative these itself. future, emphasis should be efficiency supporting those really need.