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Increase in gas prices in Italy: a worrying record

An unenviable record

Italy is facing a significant increase in domestic gas prices, according to recent Eurostat data. In the first half of 2024, the country registered an increase of 16% on an annual basis, a figure that places it in first place in the European Union for this type of increase. While on average gas prices in Europe have fallen by 7%, from 11.9 euros to 11 euros per 100 kWh, Italy stands out for an opposite trend, highlighting a complex and worrying economic situation
for consumers.

Comparison with other European countries

Analyzing the data, it emerges that gas prices have fallen in many European countries, with Lithuania registering a 60% decrease, followed by Greece and Estonia with reductions of 39% and 37% respectively. In contrast, in addition to Italy, France and Romania also saw increases, of 13% and 7% respectively. This scenario highlights the economic disparities within the European Union and the challenges that Italy must face to guarantee fair and sustainable access to energy
.

Impact on consumers and bills

In the first half of 2024, Italian consumers also experienced an increase in electricity costs, which saw a modest but significant increase. Average prices for families rose from 28.3 euros to 28.9 euros per 100 kWh, with a tax share that increased from 18.5% to 24.3%. This increase in taxes, together with the decrease in government subsidies, has contributed to an overall increase in energy bills, making the situation even more difficult for Italian families. Despite this, Arera’s data indicate that for vulnerable consumers there have been slight drops in gas prices, but the situation remains complex and uncertain
.

Future Perspectives and Considerations

Looking to the future, the situation of the energy market in Italy appears uncertain. With the expected increase of 8.8% in electricity bills starting from October 1, 2024, consumers are faced with a dilemma: continue to rely on the free market or return to the Greater Protection Service, which, despite recent increases, continues to offer more competitive rates for vulnerable consumers. Marco Vignola, vice-president of the National Consumer Union, highlights the failure of the free market, highlighting that none of the registered offers are more advantageous for typical customers. This scenario requires careful reflection on the part of the authorities and consumers, to find effective and sustainable solutions for the future
.

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