MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Italy to Discount Power For Energy-Intensive Industry

POWER

Italy will auction 20TWh of electricity to energy-intensive industries at €60/MWh for three years, the environment minister Gilberto Pichetto Fratin said.

  • Previous reports stated the support will start from 2025. No specific has been announced.
  • Italy’s energy-intensive industry consumes around 60-70TWh of power per year.
  • “We are releasing an instrument aimed at supporting the transition of our industrial sector towards renewable energy sources,” the minister said last week.
  • The scheme will run via two-way contracts for difference. In return, companies must commit to building new renewable plants of at least 200KW of capacity or revamp existing plants within 40 months and then sell back the same amount of electricity over 20 years at the original discounted price according to Montel sources.
Homepagemarkets-real-timeBulletPower Bullets
Homepagemarkets-real-timeBulletPower Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.