ENERGY SECTOR: COMMITMENTS IN FAVOUR OF ITALIAN CONSUMERS

Italian Competition Authority: thanks to commitments made to the Authority, compensations to consumers and micro-enterprises from energy companies rise to around EUR 128 million

Proceedings were initiated for unilateral changes in supply prices

The action of the Italian Competition Authority in the energy sector is ongoing. In particular, with regard to unilateral changes in electricity and gas supply prices, proceedings against five companies that were closed with commitments between July and September led to compensations benefitting almost 600 thousand consumers and micro-enterprises amounting to approximately EUR 128 million.

Within the same activity, the Authority had previously fined six energy companies more than EUR 15 million last October. In this case, 4.5 million consumers and micro-enterprises were involved. Finally, proceedings were not initiated against eight other companies as they did not follow up on the unilateral price changes already communicated.

Rome, 2 July 2024