Business · Energy & Commodities · 8 hrs ago

Italian small firms face energy costs more than 22% above EU average

Italian small firms face energy costs more than 22% above EU average

Italian micro and small businesses are facing sharply higher energy costs, according to figures from Confartigianato Lombardia.

In October, firms using less than 2,000 megawatt-hours of electricity paid 22.1% more than the EU average.

Energy commodity prices rose 10.8% from September, adding pressure on businesses across Italy.

In Lombardy, the extra cost compared with last autumn is estimated at 870 million euros, while the national total is 4.601 billion euros.

Some Lombardy businesses face annual increases above 50%, including a metal-treatment firm estimated to pay 40,000 euros more.

The higher bills can affect firms’ competitiveness and planning for production and investment.

Energy and gas prices for 2027 have recently fallen, and markets expect a more marked decline from next spring.

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What people are saying

Eugenio MassettiPresident of Confartigianato Imprese Brescia e Lombardia
For our businesses, the cost of energy is a competitiveness issue. These costs are unsustainable, so immediate action is needed.
via Corriere della Sera
Businesses must be able to plan production and investment without seeing their accounts continually thrown into question.
via Corriere della Sera