Energy Today. The "High Bills" Problem

The sharp increases in electricity and gas bills illustrate better than any other story the difficult economic and political situation in which, unfortunately, we find ourselves. A period of great turbulence on the energy markets that began in the summer of 2021 and whose negative effects were further magnified with the invasion of Ukraine by Russia, the main energy partner of several European countries, including Italy.

The data leaves no doubt. The trend of the PUN (Prezzo Unico Nazionale), the reference price index for electricity on the Italian electricity exchange, shows how we went from an average monthly cost of 0.084 per €/kWh in June 2021 to one of 0.441 last July. A considerable imbalance, which was reached through constant and rapid growth in prices. The same can be said for gas, now at the center of the crisis also due to the implications of the ongoing war. To understand the extent of the increases, it is sufficient to remember that at the end of August, 300 euros per megawatt hour were reached, that is, ten times more than what was quoted in January 2021.

This race to the top has also led to extraordinary interventions by governments. The Italian government has allocated several billion euros – and perhaps more are planned – to curb the high cost of bills and reduce their impact on consumers and businesses. Likewise, at the community level, work is underway for a so-called “ceiling” on the price of Russian gas.

 Considering the situation, it is highly likely that the current crisis – barring unexpected events – is destined to last a long time. And it is in difficult moments like these that we realize how energy, too often taken for granted, is indispensable to carry out most of our daily activities.

In this complicated framework, Audax Renewables will continue to do what it has always done: work to offer a quality supply service at advantageous prices.

This can happen thanks to the ever-increasing share of renewable energy generated in our photovoltaic and wind plants around the world and through the stipulation of important agreements with reliable players for the purchase of renewable 100% energy. The future, the one that passes through the Energy Transition and a decarbonized economy, can only tend towards green energy sources.

To this must be added the guarantee given by a Group like Audax Renovables, which is structurally organised and financially solid.

We believe that only by continuing on this path will it be possible to overcome this critical period together.