Italy will introduce short-term measures to offset the expected rise in retail power prices and is working on a longer-term reform of power bills, energy transition minister Roberto Cingolani said on Thursday. “About 80% of the rise comes from gas,” the minister told Rai Radio 1, indicating the short-term measures could be worth some 3 billion euros ($3.5 billion). On Monday Cingolani said retail power prices in Italy were set to rise by 40% in the next quarter, driven by higher international gas prices and carbon permit costs. read more Governments across Europe are coming under pressure to curb energy bills to help families and small businesses as economies slowly emerge from the coronavirus pandemic. Asked about recent measures taken by Spain to reduce power prices and […]