What will the Meloni government do against the maxi electricity and gas bills

What will the Meloni government do against the maxi electricity and gas bills

Giorgia Meloni is in contact with Minister Cingolani to ensure continuity of the energy policy. And even the first decree of aid against expensive bills will be similar to those of Draghi. Here are numbers, statements and details

Pending the probable formal assignment for the formation of a new government, the president of the Brothers of Italy Giorgia Meloni indicated the priority of her administration. “The priority,” he wrote on Twitter, “is to stop gas speculation. Continuing indefinitely to offset the cost of bills by giving money to those who are getting rich on the shoulders of citizens and businesses, would be a mistake ”.

Last week ARERA (Regulatory Authority for Energy, Networks and the Environment) announced the 59% increase in electricity bills in the fourth quarter of 2022. As for natural gas, on the other hand, according to an estimate by Staffetta Quotidiana – and confirmed by the president of ARERA, Stefano Besseghini – the increase in October bills will be 75-80 percent for rolling bills.

– Read also: Energy, all the warnings of Besseghini (Arera) to the next government

MELONS AGAINST SPECULATION AT THE TTF

According to Meloni, the responsibility for the sharp rise in energy prices lies with speculators who are allegedly manipulating the Title Transfer Facility in Amsterdam (better known as TTF), the gas exchange point that acts as a hub for the whole of Europe. The increases in gas prices then have repercussions on the price of electricity, given the profound link: this is why there is talk of their " decoupling ".

CONTACTS WITH CINGOLANI

The position of the president of the Brothers of Italy on speculation is similar to that of the Minister of Ecological Transition Roberto Cingolani, with whom she and her staff have been in contact for days to receive information and ensure continuity of government action.

RELEASE THE GAS PRICE FROM THE TTF

Cingolani – reports Open – explained that Mario Draghi's government wants to present a proposal to the European Union to link the price of gas not to the TTF, but to exchanges that the minister defines as "a little more stable", because the hub of Amsterdam would no longer have “anything to do with the real situation and with the supply-demand mechanisms”.

The details of the Draghi government's proposal are not known – which could be discussed at the Prague summit on 6-7 October – but the European Commission itself had indicated its willingness to work on a new benchmark , different from the TTF and better representative of the new context and will introduce measures to limit price volatility.

TRACK-MELON COMMUNICATIONS

Cingolani said he informed Meloni of the government's plans. “I have informed of any international development I was dealing with. It is not that I am going there as Cingolani, but for Italy ", he explained at half an hour more ," It is my duty to agree with Draghi and, in agreement with him, to inform those who come after that we are going in this direction. We are doing a good service and those who come after say yes. There is little ideology in this ".

The minister added that “in any advanced democracy there are international positions, on issues of strategic importance, on which a strong democracy gives a unique face. This is the case. With exemplary transparency, Italy has made it clear that it is following a defined international line, because it is technical. With watts there is little policy, energy security depends on watts and cubic meters ”.

ALL THE BILLIONS OF THE FIRST MELONI DECREE

The Republic speculates that the first decree law of a possible Meloni government will be able to count on a budget of 10-25 billion euros and that it will be "in absolute continuity with the last three of the Draghi executive".

10 billion will come from the lower deficit in the Update to the DEF (NADEF). The same is true of the “extra tax revenues of the last four months of the year”, in particular VAT. Finally, the last 5 billion will come from the tax on the extra -profits of energy companies.

According to the newspaper, the Meloni government will use 4.7 billion to finance the renewal of the tax credit for energy-intensive companies in December (which Draghi has already extended to shops, restaurants and bars). 3 billion will be spent to replicate the 150 euro bonus of workers and pensioners (about two hundred million) with annual incomes of up to 20 thousand euro. 2 billion will be allocated to the discount of 0.305 cents on excise duties on fuels from 17 October to 31 December.

Fratelli d'Italia is also evaluating a moratorium for families and businesses on unpaid bills, which provides for up to six months of arrears without interruption of electricity and gas. At the same time, small energy supply companies, which risk bankruptcy due to customer insolvency, would benefit from the guarantee of SACE, a credit insurance company controlled by the Ministry of Economy.

In the event of a further worsening of the energy crisis, a new cycle of layoffs "free like the Cig Covid" is hypothesized, writes Repubblica .

– Read also: How to relieve expensive bills? Debate in Brothers of Italy


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/governo-meloni-bollette-primo-decreto/ on Mon, 03 Oct 2022 07:56:56 +0000.