Sunday, August 7, 2022

Electric and Gasoline Prices In Italy Expected To Be Astronomic In A Year

By Joseph M. Calisi ©2022 All Rights Reserved

As if natural gas and electric prices aren’t already high in Italy, they’re expected to skyrocket in a year. By 2023, electricity prices are expected to go up 131%, and gas prices rising by 94%. What’s fueling the appreciation is predicted by Arera in an Italian Senate hearing, which stated that, “the surge in wholesale energy prices in 2021”.

They went on to say that, “The strong price volatility that characterizes this period makes, in the opinion of this Authority, particularly difficult to provide reliable forecasting elements” and even these prices, “…which remain above the historical price averages, however, show a relatively high volatility, with variations that tend to reflect changes in the prices of shorter-term products”.

Arera also said, “Despite the extraordinary interventions by the Italian Government, in the first quarter of 2022 over the first quarter of 2021 there was an increase of 131% for the typical domestic customer of electricity (from 20.06 to 46.03 euro cents / kWh, taxes included) and 94% for natural gas (from 70.66 to 137.32 euro cents per cubic meter, including taxes) “.

Arera in Italy is a free consumer information and assistance service. The simple and reliable comparator of electricity and gas offers, the fastest way to resolve disputes regarding connection, contract, bill, meter, breakdowns, complaints, rights, and safeguards services.

These prices have reached a 10-year high since 2012 and seem to follow a worldwide trend.

Joseph Calisi
Joseph Calisihttps://josephmcalisiphotography.com/
International Transportation Photojournalist and Syndicator of News Stories and Images Since 1993 TV credits include Telly Award finalist (11-minute documentary on the last days of mainline steam trains in the world in China) and NY Emmy Award nominee for a news magazine story on the 75th anniversary of NY’s IND subway.

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