Latest News on Methane Gas Supply: October 2023

In October 2023, the cost of methane gas for domestic users varied in response to market conditions and Italian energy policies. Here is a summary of the information collected:

Gas prices: The cost of methane per cubic meter in the Protected Market is €0.396/Smc. In the Free Market, however, the price is determined individually by the suppliers. For tariffs indexed to the PSV, the price of gas is €0.396/Smc plus any additional contribution requested by the supplier. Some October 2023 offers have an indexed price of €0.5426/Smc.

Price mechanisms: Starting from October 2022, ARERA has changed the mechanism for updating the gas price from quarterly to monthly, in response to the energy crisis and the high volatility of the wholesale market.

Cost mitigation measures: To alleviate the high cost of gas, until the end of 2023, measures such as the elimination of system charges and the reduction of VAT on gas to 5% are envisaged, as established by the latest Decree Power. An enhancement of the Bill Bonus is also expected.

News in October 2023: News is mentioned on how to reduce energy and methane costs by choosing the best electricity and gas offers on the Free Market.

Government budget: The Italian government has approved a 24 billion euro budget for next year with the aim of strengthening public health services, encouraging families to have more children and providing more economic support to people with low and middle incomes. It is unclear whether this budget includes specific concessions for the supply of methane gas, but it could be part of a broader plan to alleviate household expenses.