Electrical bills jump 11.2% in Italy

Country one of Europe's most energy costly

Electrical bills jump 11.2% in Italy

Brussels, May 27 - Italians saw their electricity bills jump by 11.2% in the last half of 2012 compared with one year earlier - one of the largest increases recorded in the European Union, the region's statistical agency said Monday. At the same time, gas prices for Italian families rose by 10.3% between the last six months of 2011 and the same period in 2012, Eurostat reported. The jump in household electricity prices across the EU came on the heels of an average price increase of 6.3% between 2010 and 2011, and an average gas price hikes of 12.6%. According to Eurostat, the largest price increases for electricity were reported in Cyprus, where prices jumped by 21%; Greece, with a 15% increase; while Italy ranked third for the greatest price increase in 2012 compared with one year earlier. Ireland and Portugal each saw a 10% price rise while the cost of electricity dropped in Sweden, by 5%; Hungary, down 2%; and Finland, down 1%. In terms of gas prices, families in Latvia saw a 21% increase; in Estonia, a 19% rise; and in Bulgaria, prices jumped by 18% last year.

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