Italian Premier Targets Rising Energy Prices Amid Speculation Concerns
(MENAFN) Italian Prime Minister Giorgia Meloni on Tuesday identified rising energy prices as the most pressing economic issue confronting her administration.
Speaking at the annual gathering of Italy’s main business association, Confindustria, held in Bologna, Meloni emphasized that her government is investigating whether speculative activities are distorting energy prices.
“The government is working on an analysis of the functioning of the Italian market to understand whether possible anomalies in the formation of the unique national price could be the cause of unjustified price increases,” she stated.
She added, “If there were speculations on the backs of who produces and creates employment, it would be unacceptable.”
Her comments followed those of Confindustria President Emanuele Orsini, who stressed the critical impact of energy costs on Italian firms. Orsini warned that businesses are at a significant disadvantage compared to their European counterparts due to steep energy surcharges.
"Our companies continue to suffer from an energy (price) surcharge of more than 35% over the European average, even reaching peaks of 80% when compared to the largest European countries," said Orsini.
To address the issue, Orsini advocated for a reformed pricing structure for electricity. He called for lower overhead costs for businesses, including energy expenses, and pushed for regulatory changes to facilitate renewable energy development. He also urged reconsideration of nuclear energy production, which Italy discontinued following a 1987 ban.
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