Italy regulator sees sharp drop in regulated electricity prices in Q2

Acea SpA

13/03/2024 11:00

MILAN, March 13 (Reuters) - Italy's regulated household
prices for electricity are set to fall sharply in the second
quarter of the year, the head of the country's energy authority
ARERA said on Wednesday.
    About one third of Italian households were covered by
regulated electricity prices last year, but the regime is set to
be mostly phased out starting from July. 
    The controlled prices will stay for about 4.5 million
vulnerable customers, such as the elderly and the disabled,
while others will switch to a free-market regime.
    ARERA President Stefano Besseghini said a fall in gas prices
during the winter would be reflected in lower power bills in 
coming months.   
    "We will see the impact on electricity in March, and
realistically it will be significant," Besseghini said on the
sidelines of a utilities conference in Milan.
    ARERA is set to announce quarterly regulated electricity
prices for April-June at the end of this month. 

 (Reporting by Giancarlo Navach, writing by Alvise Armellini,
editing by Gavin Jones)
 ((alvise.armellini@thomsonreuters.com;))