The Italian government is prepared to restart the nation’s coal-fired power plants as a contingency measure. They will be put into action if natural gas prices surge to €70 per megawatt hour, Environment and Energy Security Minister Gilberto Pichetto Fratin announced on Monday.
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Scientists from the Italian Society of Environmental Medicine (Sima)are calling on the government to extend daylight saving time (summer-time) to the whole year. This would cut energy bills, reduce pollution and improve people’s health, they said.
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Italy’s net energy import costs are set to more than double this year, the economy minister said. He added the warning, Rome cannot not spend indefinitely to cushion the blow on the economy.
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Italian energy giant Eni reports its adjusted net profit for the second quarter was €3.81 billion. This takes the half-year profit up to €7.08 billion as energy prices soar.
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Government amends energy usage decree as it seeks to reduce its reliance on Russian gas supplies. The summer may well be long and hot with air conditioning turned down in public offices.
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Italy’s foreign minister and the country’s top energy CEO are visiting Algeria to discuss gas supply cooperation due to the Ukraine crisis. Governments around western Europe are looking for alternatives to supply from Russia following the latter’s invasion of Ukraine.
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On Thursday night, a number of Italian monuments were in darkness as they protested against soaring energy bills.
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