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Meloni Backs Gas Price Cap to Curb Bills Ahead of Italy Election

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Meloni Backs Gas Price Cap to Curb Bills Ahead of Italy Election Italy advanced a plan to reimburse gas-fired power plants for part of their fuel costs, as Premier Giorgia Meloni seeks to stem the impact of a surge in energy prices on households and businesses ahead of a general election next year. Meloni’s cabinet approved the measure on Monday after a meeting, according to a statement from the Energy Ministry. The decree had been delayed twice in recent weeks as officials worked through...

Meloni Backs Gas Price Cap to Curb Bills Ahead of Italy Election Italy advanced a plan to reimburse gas-fired power plants for part of their fuel costs, as Premier Giorgia Meloni seeks to stem the impact of a surge in energy prices on households and businesses ahead of a general election next year. Meloni’s cabinet approved the measure on Monday after a meeting, according to a statement from the Energy Ministry. The decree had been delayed twice in recent weeks as officials worked through funding and technical issues.
Meloni Backs (ORG) Italy (LOCATION) Giorgia Meloni (PERSON) Meloni (PERSON) the Energy Ministry (ORG)
Originally published by Bloomberg Technology Read original →