On Tuesday, Arera will announce the gas price for October for vulnerable customers. Estimates suggest a figure of around 1.8 euros per cubic metre: this would be the highest level ever recorded, even higher than the peak reached in December 2022

The mechanism for lowering electricity prices remains at a standstill between Palazzo Chigi, Mase and Arera. The sticking point is how to finance subsidies for gas-fired power stations: the government is considering a surcharge on bills, but in Spain the cost is borne by wholesale buyers. A crucial difference that shows just how complicated it is to turn a slogan into legislation

After a day of deadlock, the European Council has asked the Commission to reassess the impact of ETS2, the scheme that will charge for emissions from transport and heating from 2028. Italy did not secure a postponement. No agreement has been reached on the 2028–2034 EU budget.

The disparity between regions regarding renewable energy represents one of the most complex tests for a coalition seeking to govern the country. It will be interesting to see whether the measures proposed by the parties that describe themselves as progressive will provide adequate solutions

The majority resolution will include, alongside the DPFB, a report authorising budgetary deviations in the areas of energy and defence (provided the committees approve it – as the resolution proposing it appears to suggest).

Marcelli Fabiani (Oxford Economics): “Weak global demand and US LNG should prevent extreme price spikes”. Tabarelli (Nomisma Energia): “The only consolation is that we have already been hardened by the 2022/23 crisis. €73/MWh for gas and just over 200 for the PUN are still a long way from the peaks seen back then.”