Putin’s revenge on “technical” gas cuts causes prices to rise, alarm on bills.  The Proposal: “Blackout Risk: It’s Time to Ration”

Putin’s revenge on “technical” gas cuts causes prices to rise, alarm on bills. The Proposal: “Blackout Risk: It’s Time to Ration”

While European authorities and the Italian government rule out situations of energy emergency, the sudden cuts in gas supplies to Europe announced by Gazprom risk hitting families and businesses as early as July next year. The Russian giant justified the cut by 40% and then another 30% with “technical problems”. First a Siemens turbine on the north gas pipeline, which would be difficult to find because of the EU sanctions against Russia, then another, which would cut off Berlin’s gas supply by 67 million cubic meters. From the Federal Government’s point of view, this is exclusively a “political decision” by the Kremlin, which has already had a concrete effect with the gas price on the Amsterdam Stock Exchange, which has returned to almost 100 euros per megawatt hour.

“The reality is much harsher – Nomisma President Daivde Tabarelli thundered in the press – we are at war, we need a rationing plan and our energy security is under threat”. With energy prices rising for weeks, forecasts for the summer are already alarming, when Arera will have to claim quarterly rates for electricity and gas bills starting July 1. Given that Italy produces 40% of its electricity from gas, increases in electricity bills are almost automatic too. Following the government’s 10% cut in electricity bills last April, the government’s response to the coming months threatens to be inadequate. An indispensable measure, explains the President of Nomisma, Davide Tabarelli, to avoid the increases that are expected in the coming months. Price increases that will also affect consumer goods, as Aurelio Regina, Energy Delegate of Confindustria, warns: “The increases have already reached unsustainable levels that will cost Italian industry more than 50 billion euros”.

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