The low natural gas prices will be reflected in the March bills and in the power bills in the coming months, Stefano Besseghini, president of ARERA, told Reuters on the sidelines of an industry event in Milan on Wednesday. “We will see the impact on electricity in March, and realistically it will be significant,” said Besseghini, who was referring to the regulated electricity prices, which covered around one-third of Italian households last year.
Due to its relatively high dependence on natural gas for electricity production, Italy has seen wild swings in power prices in recent years. The share of natural gas in the power generation mix in Italy is around 45%, much higher than in Germany, France, or Spain. That’s why electricity prices in Italy were higher than the European average last year. However, the slide in natural gas prices over the past months – despite being winter – will lead to lower bills in Q2.
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