Five times more important gas than January 2021 is Cingolani-English

(ANSA)-May 3 Rome-Natural gas used by Italian homes and businesses is five times more valuable than January 2021, said environmental transition minister Roberto Singorani on Tuesday.

Prices have risen from about 20 euros per MWh in January last year to about 100 euros in April, almost quintupling, with a peak of over 200 euros daily.

Italy is trying to reduce Russia’s dependence on gas during the Ukrainian war.

Cingolani added that electricity prices have risen to record levels, reaching € 200-250 per MWh. (ANSA).

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