Trade of electricity revenue in Italy 2010-2022

Although the revenues from the production of electricity steadily declined after the financial crisis, there was no slowing down in terms of consumption, which hovered around 300 terawatts during 2010-2018. This has led the country to rely on imports to meet a significant share of its electricity demands. The decline in production and increase in imports have also resulted in an increase in the unit price of electricity. In fact, the country ranked among the top three countries in the world with the highest unit price for electricity. Industry experts cited these factors as the primary reasons why the revenues from the trade-in electricity in the country increased nearly threefold to reach 183.3 billion U.S. dollars in 2019, from 64 billion U.S. dollars in 2010. This increasing trend is expected to continue over the short to medium term as well.

Energy efficiency measures expected to lower electricity consumption

Growing awareness about environmental issues among Italian citizens is expected to change the dynamics of energy consumption. As a matter of fact, in 2018, a significant share of Italian householders had undertaken energy efficiency interventions in their houses, with 24 percent opting for highly insulated window fixtures and 21 percent for low consumption boilers.

At a nationwide level, the Italian government is also taking steps towards lowering the country’s carbon footprints in terms of electricity as well. This has led to a notable shift towards generating electricity from renewable sources such as wind and solar, both of which have experienced exponential growth over the last few years.