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Italy Electricity Bills Set to More Than Double This Quarter, Regulator Warns

Siena Cathedral, Duomo di Siena, right, and the Mangia tower at night in Siena, Italy.

Siena Cathedral, Duomo di Siena, right, and the Mangia tower at night in Siena, Italy.

Photographer: Alessia Pierdomenico/Bloomberg

Italian energy regulators warned on Tuesday that electricity bills in the country will more than double in the first three months of 2022, as the government led by Mario Draghi hurries to roll out new measures to help families and companies deal with soaring prices.

The increase is estimated at 131% for the quarter, while natural gas bills are expected to rise over 90%, officials from the regulator, known as ARERA, said at a parliamentary hearing in Rome.