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Industry prices for electricity in Italy 2008-2019

This statistic presents the industry prices of electricity in Italy from 2008 to 2019, in euro cents per kilowatt hour. It shows that, for an annual consumption of less than 2,000 MWh, the prices for electricity peaked in 2014 at 17.28 euros per kilowatt hour, before gradually decreasing in the following years. Between 2017 and 2018, the electricity price for energy-intensive industries (consumption between 20 thousand and 70 thousand MWh) dropped from 11.9 to 9.43 euro cents per kilowatt hour, before increasing again in 2019.

Electricity is overpriced in Italy

In 2018, the Italian government approved a tax relief reform, targeted at over 3 thousand energy-intensive industries, to reduce electricity costs for the industries that were most exposed to international competition. This measure was meant to promote energy efficiency in the industry sector as well as boost Italian competitiveness abroad. Compared to most European countries, Italian industries paid significantly more for electricity. The average electricity price for the French industrial sector, for example, was much lower throughout the observed period.

Italy's dependency on gas

In 2018, natural gas accounted for 45 percent of the country’s electricity production. Overall, Italy relied on gas imports for over 90 percent of its demand. This means that the price of gas largely depends on the wholesale price rather than the domestic market. Italy’s main supplier was Russia, with over 32 billion cubic meters imported in 2018, while the domestic production amounted to 3.4 billion cubic meters.

Prices of electricity for industry in Italy from 2008 to 2019

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Source

Release date

June 2020

Region

Italy

Survey time period

2008 to 2019

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Statistics on "Electricity production and consumption in Italy"

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