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Voxpress:

Italy, with the most expensive energy in the main European economies

2024-09-23 11:11:57Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Italy, with the most expensive energy in the main European economies

Electricity prices in Italy are the highest among major European economies, due to a steady reliance on fossil fuels despite increased renewable energy production.

Wholesale electricity prices in Italy have averaged around 100 euros per megawatt hour (MWh) in 2024, according to energy think tank Ember.

This compares with €69 in Germany and €50 in Spain, and means that Italian households and businesses pay much higher energy bills than most of their peers across Europe.

High dependence on fossil fuels for electricity production is the main driver of high energy costs in Italy. In 2023, they covered 55% of Italy's electricity, Ember data shows. This compares with 45% in Germany, 39% in the UK, 25% in Spain and 41% for Europe as a whole.

So far in 2024, Italian energy firms have managed to increase clean energy production to a new record and cut fossil fuel use below 50% for the first time, bringing it to 47%.

However, fossil fuel generation still outpaces that of rival economies, with Europe as a whole recording 37% this year and Germany 40%.

Total clean energy generation is expected to decline as we head into winter, reviving fossil fuel generation.

In total, Italy's clean electricity production hit a record 88 terawatt hours (TWh) during the January-August period, compared to 73.4 TWh during the same months in 2023.


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