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Home Automobile

Electricity cost today, 2022 price increase due to 500% price increases

May 18, 2022
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The cost of electricity has now skyrocketed. It is from June 2021 that the price of wholesale electricity began to rise, with a surge that reached its peak in the month of March 2022 with the single-time slot arrived at € 0.31against € 0.061 of March 2021 and one € 0.032 of March 2020.

Electricity prices

L’increase in prices for electricity has reached + 500%, increases that have spilled over into electricity bills starting from the second half of 2021 ″.

Trend of wholesale electricity costs from April 2020 to April 2022 current prices
Wholesale electricity cost trend, prices x kWh from April 2020 to April 2022
(Copyright Newsauto)

From the Arera, the monthly trend in the price of electricity divided into one-time and two-time bands and three bands F1, F2, F3 based on the monthly arithmetic average final value of the PUN differentiated by bands (paragraph 20.1 of resolution 555/2017 / R / com).

The rise in electricity prices is also affecting electric car users who are confronted with the increased tariffs charged by the operators of EV charging stations.

Cost of electricity, current price in single-time band (€ / kWh) period April 2022, 2021, 2020, 2019, 2018

Reference month Electricity price € // kWh
April-22 0.245975
March-22 0.308069
February-22 0.211690
January-22 0.224501
December-21 0.281242
November-21 0.225953
October-21 0.217626
September-21 0.158585
August-21 0.112395
July-21 0.102656
June-21 0.084797
May-21 0.069908
April-21 0.069019
March-21 0.060391
February-21 0.056573
January-21 0.060712
December-20 0.054036
November-20 0.048748
October-20 0.043569
September-20 0.048801
August-20 0.040319
July-20 0.038006
June-20 0.028008
May-20 0.021788
April-20 0.024805
March-20 0.031990
February-20 0.039302
January-20 0.047468
December-19 0.043336
November-19 0.048159
October-19 0.052822
September-19 0.051179
August-19 0.049544
July-19 0.052313
June-19 0.048583
May-19 0.050674
April-19 0.053355
March-19 0.052877
February-19 0.057665
January-19 0.067651
December-18 0.065154
November-18 0.066581
October-18 0.073935
September-18 0.076318
August-18 0.067713
July-18 0.062690
June-18 0.057252
May-18 0.053476
April-18 0.049393
March-18 0.056914
February-18 0.057002
Cost and current price single-time slot (€ / kWh) years 2022, 2021, 2020, 2019, 2018

Cost of electricity for two-time period April 2022, 2021, 2020, 2019, 2018

Month F1 € / kWh F23 € / kWh
April-22 0.256227 0.241781
March-22 0.320078 0.301868
February-22 0.224883 0.205269
January-22 0.257191 0.210776
December-21 0.327503 0.258940
November-21 0.268097 0.206044
October-21 0.238805 0.208108
September-21 0.167389 0.154128
August-21 0.116861 0.110242
July-21 0.110471 0.098888
June-21 0.090784 0.081969
May-21 0.074270 0.067944
April-21 0.073387 0.066955
March-21 0.062617 0.059242
February-21 0.066621 0.051682
January-21 0.073918 0.055554
December-20 0.068461 0.047541
November-20 0.057146 0.044780
October-20 0.049424 0.040752
September-20 0.055720 0.045297
August-20 0.043466 0.038901
July-20 0.043084 0.035389
June-20 0.030439 0.026860
May-20 0.022986 0.021285
April-20 0.025779 0.024346
March-20 0.034765 0.030650
February-20 0.043597 0.037317
January-20 0.054528 0.044288
December-19 0.053030 0.039266
November-19 0.057729 0.043948
October-19 0.060172 0.049042
September-19 0.057396 0.048242
August-19 0.051540 0.048645
July-19 0.057636 0.049571
June-19 0.054016 0.046192
May-19 0.053598 0.049265
April-19 0.059201 0.050782
March-19 0.055614 0.051642
February-19 0.061788 0.055659
January-19 0.076642 0.063317
December-18 0.074650 0.061444
November-18 0.076518 0.061887
October-18 0.080723 0.070444
September-18 0.082819 0.073457
August-18 0.069928 0.066645
July-18 0.066648 0.060782
June-18 0.062397 0.054822
May-18 0.059088 0.050770
April-18 0.053882 0.047557
March-18 0.063677 0.053647
February-18 0.065604 0.052814
Current cost two-hourly period April 2022, 2021, 2020, 2019, 2018

Current cost for bands for the period April 2022, 2021, 2020

P_INGM by bands (€ / kWh) F1 € / kWh F2 € / kWh F3 € / kWh
April-22 0.256227 0.266585 0.228863
March-22 0.320078 0.329116 0.286186
February-22 0.224883 0.225679 0.193647
January-22 0.257191 0.242351 0.196391
December-21 0.327503 0.295648 0.242080
November-21 0.268097 0.232717 0.191958
October-21 0.238805 0.235642 0.192625
September-21 0.167389 0.167533 0.146456
August-21 0.116861 0.121486 0.104278
July-21 0.110471 0.108358 0.093122
June-21 0.090784 0.091843 0.076754
May-21 0.074270 0.077966 0.063020
April-21 0.073387 0.075390 0.062500
March-21 0.062617 0.067710 0.054368
February-21 0.066621 0.062707 0.045404
January-21 0.073918 0.063792 0.051549
December-20 0.068461 0.059426 0.042490
November-20 0.057146 0.052477 0.040716
October-20 0.049424 0.048583 0.035998
September-20 0.055720 0.054488 0.040037
August-20 0.043466 0.046691 0.035075
July-20 0.043084 0.041427 0.031925
June-20 0.030439 0.031211 0.024562
May-20 0.022986 0.026204 0.018711
April-20 0.025779 0.031313 0.021173
Current cost for bands for the period April 2022, 2021, 2020

Reasons and causes for the increase in electricity prices

What are the causes of rising electricity prices? It seems that one of the main causes is the increase in gas price on international markets, used to produce about 40% of the electricity in Italy. It also adds more post demand COVIDweather factors (it rained less) and also political tensions in the international energy sector.

During the lockdown in 2020, when everyone was at a standstill, there was a sharp contraction in energy needs and a supply of electricity with a historic collapse in the price of electricity. May 2020 not only in Italy, but also internationally.

From second half of 2021 with the resumption of activities there was also a very strong demand for energy. Prices then began to rise until December 2021 when there was a record in the history of the electricity market: price of € 281.24 / MWh in the monthly average and a peak hour of well 533.19 € / MWh.

Let’s say if it wasn’t for thestate interventionthe costs on the bill would have quadrupled instead of doubled.

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