The Hungarian government is considering new cuts in energy prices for households and industrial consumers, continuing a series of successive price cuts in the last few years; the price decreases will be proposed in early November 2015.
Since 2010, the Fidesz government has been tightening its grip on the energy sector, through a dramatic increase in the "Robin Hood" tax on energy suppliers (raised from 11% to 31% in 2013), through the acquisition of private energy companies (or stakes in) by state-owned companies and through the creation of a state-owned company, ENKSZ (First National Utility Service), established in 2015 to carry out universal services activities on the electricity, gas and district heating markets. Hungary also introduced successive electricity and gas price cuts: residential and industrial electricity prices, which had doubled between 2000 and 2010, have been declining since then (-27% for households and -9% for industry). Residential gas prices also fell by 19% between 2012 and 2014.