Italy Eyes €1.6 Billion Cut to Energy Bills by Curbing Gas Price
Summarize this article with:
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Italy plans an to shave around €1.6 billion ($1.9 billion) off consumers’ energy bills by curbing wholesale prices for natural gas, despite concern about the legality and effectiveness of such a measure.A draft decree seen by Bloomberg includes a tool that would align the nation’s gas contracts with Europe’s benchmark prices, making gas and electricity cheaper for end-users. The government is expected to discuss the plan before the end of the year, though the timing is not yet set.