Companies fear the energy crisis and rising prices
The price increase generated by the war situation and extreme uncertainty shocks consumers who purchase energy from the competitive market; to this is added the effect of the product structure transforming in order to manage the increased costs and risks.
In the contract offers, the customers encounter a completely changed parameter system and construction, in which the elements are roughly the same as before, but contain a stricter set of conditions than before, says Márton Széffy, the deputy general manager of sales responsible for the retail operations of the MET Group in Hungary, who, according to the the business model of the vast majority of the companies involved is probably not prepared for a sixfold increase in overheads, which already foreshadows the possibility of a wave of bankruptcy.
Related news
We need locally and sustainably produced energy
Due to Hungary’s large energy exposure, we need locally produced…
Read more >Joe Biden called on traders to reduce prices in the wake of the high inflation figure
The President of the United States of America, responding to…
Read more >The price of cocoa has shot up, and it will soon be felt in retail as well
Cocoa prices on the international market have made huge jumps…
Read more >Related news
Hungary has plenty of work to do in the regional “long-distance running”
Based on the ten- and twenty-year trends – one of…
Read more >Consumers hate “dynamic pricing”.
In the past period, customers had to familiarize themselves with…
Read more >NGM State Secretary: the ESG Act strengthens the competitiveness of Hungarian businesses
The aim of the law defining the framework for responsible…
Read more >