Feb 12 • 12:49 UTC 🇬🇷 Greece Naftemporiki

Meloni: Italy will adopt an energy bill reduction package next week

The Italian government is planning to introduce a package of measures next week to assist families and businesses struggling with high energy prices, as announced by Prime Minister Giorgia Meloni.

The Italian government is set to unveil a series of measures aimed at helping families and businesses cope with soaring energy prices. Prime Minister Giorgia Meloni announced that these measures will be introduced next week, with a total value of up to 3 billion euros ($3.56 billion). Officials have indicated that the government is looking into funding options that would not increase Italy's deficit-to-GDP ratio, which is a significant concern as the country aims to maintain economic stability amid rising costs.

The primary beneficiaries of this financial aid package will be low- and middle-income families as well as small businesses, who have been particularly hard-hit by the crisis in energy pricing. By targeting these groups, the government aims to alleviate financial pressure and ensure access to affordable energy, a crucial need amidst ongoing discussions about energy supply and pricing in the European Union.

In addition to providing immediate assistance, the government also intends to address the discrepancies between wholesale natural gas prices at the Amsterdam hub and those in Italy. By narrowing this gap, the government hopes to stabilize local energy prices and promote a more equitable energy market. This strategic approach not only supports Italian citizens and businesses but also aligns with broader EU discussions on energy reforms and economic recovery.

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