Italian Prime Minister Meloni said Rome is close to an EU-approved mechanism to cap or lower gas prices used for power generation. The measure is intended to ease energy cost pressure and reduce household electricity bills ahead of next year’s national election. She described technical talks as tense but constructive and said, if agreed, Italy would implement steps to limit the impact of gas-for-power prices on overall power tariffs. The government is also considering using additional VAT receip

Italian Prime Minister Meloni said Rome is close to an EU-approved mechanism to cap or lower gas prices used for power generation. The measure is intended to ease energy cost pressure and reduce household electricity bills ahead of next year’s national election. She described technical talks as tense but constructive and said, if agreed, Italy would implement steps to limit the impact of gas-for-power prices on overall power tariffs. The government is also considering using additional VAT receipts from higher fuel prices to aid households hit by the energy crisis.