Italy Plans Decree to Cap Gas and Lower Power Prices
Italy plans to approve a decree this week introducing a temporary gas price cap for power stations to lower electricity costs. The scheme will reimburse utilities and be funded by system charges.
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Italy will approve a decree this week introducing a cap of around €60 ($67.38) per megawatt hour on Natural Gas prices for gas-fired power stations. The measure follows an agreement with European Union authorities to lower electricity costs for households and businesses. High gas costs have driven up energy bills across the region.
