My energy supplier went bust in Hungary. What happens now?
A supplier going bust does not usually mean your power goes off straight away. See below what happens in Hungary, then choose a new contract.
📜 The rules in Hungary
If your supplier goes bust
If an electricity supplier can no longer supply its universal-service customers, MEKH designates a supplier of last resort (végső menedékes) under Section 51(1) of the Electricity Act (VET). In 2021 MVM Next took over a failed supplier's customers at the regulated price for a fixed period.
🪜 Step by step
- Read your meter todayTake a dated photo. It is the basis for the failed supplier’s final bill.
- Wait for the letterYou will be told who supplies you now and at what price.
- Choose a new contractTemporary supply is often more expensive. Compare offers and switch when you can.
- Claim your creditIf you paid in advance or have credit, file a claim with the administrator or ask how credit is handled.
📇 Who to contact
❓ Questions
Is the temporary price fair?
It is often higher than a normal contract, which is why switching soon usually pays off.
What happens to my credit?
That depends on the country and the insolvency. Keep your last bill and a meter photo as proof.
Can I choose another supplier straight away?
Usually yes. The rules for Hungary are on this page.
📎 Sources
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