Domenica, 21 Ottobre 2018

Italian antitrust warns electricity poised for trouble


Rome, June 18 - The chief of Italy's antitrust
authority warned parliament on Tuesday that the electricity
sector was in peril of deep, damaging change.
Electricity "is seeing profound changes loaded with
pitfalls," said Giovanni Pitruzzella, president of the Italian
antitrust authority, in a presentation of the watchdog's annual
Declining consumption and the spread of renewable energy
are creating conditions in which conventional thermal-power
plants are unable to cover their costs. Thus the market is
veering toward consolidation and "probable" energy price
increases, Pitruzzella said.
A longstanding lament of Italian manufacturers and other
businesses is that Italian power is too expensive, making it
difficult for private enterprises to compete in global markets.
Electricity costs 30% more in Italy than the European Union
country average, a representative of the Italian industry
federation Confindustria told journalists at a Milan
presentation on the automaker Fiat on Friday.

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