Italy’s Energy Bill Surged to Record in 2011, Trade Group Says

Italy’s total energy bill, which includes the cost of imported oil, gas and electricity, surged to a record last year, industry group Unione Petrolifera said.

The bill increased 19 percent to 63 billion euros ($83.3 billion), up from 52.9 billion euros in 2010, the Rome-based organization said in a report published on its website today.

Last year’s energy outlays amounted to about 4 percent of Italy’s gross domestic product.

To contact the reporter on this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.ne

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