popular articles

Italy: seven energy suppliers in the sights of the competition authorities

Italy's competition watchdog has announced that it has opened investigations against seven energy groups.

Please share:

Italy’s competition watchdog has announced that it has opened investigations against seven energy groups, including Enel, Eni and France’s Engie, on suspicion of having made “illegal unilateral changes” to electricity and gas prices.

These energy suppliers, which also include Hera, A2A, Edison and Acea, represent about 80% of the market, the Competition Authority said in a statement.

More than 2.6 million consumers have “already experienced an unjustified price increase,” the institution assures based on data provided by companies.

As elsewhere in Europe, soaring energy prices are a very sensitive issue in Italy, where the government led by Giorgia Meloni plans to spend more than 21 billion euros on measures to support households and businesses by 2023.

The Competition Authority accuses the companies involved of having modified electricity and gas tariffs without taking into account a decree issued on August 9 on measures to mitigate the surge in prices.

“Companies will therefore have to suspend the application of the new economic conditions, maintaining or restoring the prices charged before August 10,” the statement said.

“Excellent news! Our demands have been met”, reacted Marco Vignola, head of the energy sector of the National Union of Consumers.

The investigations into the seven groups are in addition to those already opened on the same grounds against energy suppliers Iren, Dolomiti Energia, E.ON and Iberdrola, the Italian antitrust authority added.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The sabotage of the Nord Stream pipelines in 2022 caused massive methane leaks, estimated at 465,000 tons. These record emissions raise major strategic and environmental issues for the energy industry.
Senegal and Mauritania bolster their energy cooperation with a groundbreaking agreement on local content within the Grand Tortue Ahmeyim (GTA) gas project, marking a step towards an inclusive and sustainable economy.
Senegal and Mauritania bolster their energy cooperation with a groundbreaking agreement on local content within the Grand Tortue Ahmeyim (GTA) gas project, marking a step towards an inclusive and sustainable economy.
Morocco adopts a draft law structuring the natural gas industry, aiming for enhanced regulation and the establishment of a public operator to oversee infrastructure.
Morocco adopts a draft law structuring the natural gas industry, aiming for enhanced regulation and the establishment of a public operator to oversee infrastructure.
Denmark Struggles to Meet Gas Storage Targets for Winter 2024-2025
Denmark Struggles to Meet Gas Storage Targets for Winter 2024-2025
NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.
The Guangming power plant, equipped with GE Vernova's advanced turbines, supplies Guangdong province with electricity, exemplifying China's shift away from coal in energy production.
The Guangming power plant, equipped with GE Vernova's advanced turbines, supplies Guangdong province with electricity, exemplifying China's shift away from coal in energy production.
With a $358 million investment, Enbridge Gas's Panhandle project strengthens energy capacity and boosts the economy in Southwestern Ontario, a key industrial hub in Canada.
With a $358 million investment, Enbridge Gas's Panhandle project strengthens energy capacity and boosts the economy in Southwestern Ontario, a key industrial hub in Canada.
Hull Street Energy sells a 53-megawatt natural gas power plant to Basin Creek Acquisition LLC, a private player supported by Platform Partners LLC. This transaction strengthens energy reliability in Montana.
Hull Street Energy sells a 53-megawatt natural gas power plant to Basin Creek Acquisition LLC, a private player supported by Platform Partners LLC. This transaction strengthens energy reliability in Montana.
TotalEnergies has launched the construction of its first flared gas treatment plant in Iraq.
Faced with exceptional cold and the end of Russian deliveries, the UK's gas reserves are half-full, raising concerns about winter energy supply.
Faced with exceptional cold and the end of Russian deliveries, the UK's gas reserves are half-full, raising concerns about winter energy supply.
With 124 billion m³ of gas produced in 2024, Norway consolidates its position as Europe’s primary supplier, replacing Russia in a tense geopolitical context.
With 124 billion m³ of gas produced in 2024, Norway consolidates its position as Europe’s primary supplier, replacing Russia in a tense geopolitical context.
The British energy giant Shell expects disappointing results in its gas division for Q4 2024 due to expiring hedging contracts and reduced production.
The British energy giant Shell expects disappointing results in its gas division for Q4 2024 due to expiring hedging contracts and reduced production.
Russia has suspended gas deliveries to the pro-Russian separatist region of Transnistria, intensifying energy and political tensions in Moldova. The European Union denounces a maneuver aimed at destabilizing the region.
Nicor Gas inaugurates an innovative interconnection in Rockford, converting biogas from a local landfill into renewable gas to supply 12,000 homes.
Nicor Gas inaugurates an innovative interconnection in Rockford, converting biogas from a local landfill into renewable gas to supply 12,000 homes.
The end of Russian gas supplies via Ukraine plunges Transnistria, Moldova's separatist region, into a severe energy crisis, leading to power cuts for its residents and increasing tensions with Chisinau.
The end of Russian gas supplies via Ukraine plunges Transnistria, Moldova's separatist region, into a severe energy crisis, leading to power cuts for its residents and increasing tensions with Chisinau.
TotalEnergies and Vantage Drilling announce the creation of TEVA Ship Charter LLC, a joint venture aimed at managing the Tungsten Explorer platform for an initial ten-year period in Congolese waters.
TotalEnergies and Vantage Drilling announce the creation of TEVA Ship Charter LLC, a joint venture aimed at managing the Tungsten Explorer platform for an initial ten-year period in Congolese waters.
Slovakia claims readiness for the halt of Russian gas transit via Ukraine in 2025, despite financial costs and impacts on European markets. Reserves and alternatives ensure national energy security.
NERC issues an alert to strengthen the preparedness of energy players as an exceptional cold wave threatens 30% of natural gas production, a key element of the reliability of the U.S. power grid.
NERC issues an alert to strengthen the preparedness of energy players as an exceptional cold wave threatens 30% of natural gas production, a key element of the reliability of the U.S. power grid.
Senegal and Mauritania launch a strategic gas production project with the official opening of a shared well, marking a key step in their regional energy cooperation.
Senegal and Mauritania launch a strategic gas production project with the official opening of a shared well, marking a key step in their regional energy cooperation.
DT Midstream completes the acquisition of three pipelines regulated by the FERC from ONEOK. This $1.2 billion transaction strengthens its presence in the Midwest natural gas market.
DT Midstream completes the acquisition of three pipelines regulated by the FERC from ONEOK. This $1.2 billion transaction strengthens its presence in the Midwest natural gas market.
Angola begins production at a strategic gas project in Benguela province, capable of supplying 600 million standard cubic feet per day, addressing growing energy demand and supporting economic diversification.
The rapid increase in regasification capacities in Europe exceeds actual LNG imports in 2024.
The rapid increase in regasification capacities in Europe exceeds actual LNG imports in 2024.
Ukraine, in its quest for energy independence from Russia, has received its first shipment of liquefied natural gas (LNG) from the United States. This marks a significant milestone in securing its energy supply.
Ukraine, in its quest for energy independence from Russia, has received its first shipment of liquefied natural gas (LNG) from the United States. This marks a significant milestone in securing its energy supply.
The European Union strengthens its energy sanctions against Russia by banning natural gas liquefied (LNG) transshipments in its ports from March, as part of its efforts to eliminate Russian fossil fuels by 2027.
The European Union strengthens its energy sanctions against Russia by banning natural gas liquefied (LNG) transshipments in its ports from March, as part of its efforts to eliminate Russian fossil fuels by 2027.

Advertising