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Italy Moves To Keep Energy Prices Down As Costs Soar Across Europe

by timesofmalta.com posted 3weeks ago 13 views
Italian Prime Minister Mario Draghi on Thursday announced measures worth three billion euros to keep gas and electricity bills down this winter as power prices soar across Europe. He told the Confindustria employers association the measures, equivalent to $3.5 billion, would particularly target the poorest and most vulnerable. "In the absence of government intervention, in the next quarter the price of electricity could increase by around 40 percent, and that of gas by 30 percent," Draghi said.