At the end of the year there is a flood of financial statements, which often contradict forecasts and budgets to the point of raising doubts about the usefulness of the latter (often time wasted). As Sissi Bellomo writes in the Sole 24 Ore, 2025 was the turning point year in the gas market. Wholesale prices fell in Europe by 40 percent. Today gas is below 30 euros per megawatt hour. At the height of the energy crisis, triggered byRussian invasion of Ukraine, in 2022, the price on the free market in Amsterdam had reached 345 euros. Despite being deprived of the Russian offer – which was highly discounted by China – the market was literally flooded with liquefied gas, especially from the United States and Qatar. Investments, particularly in regasification plants, were so significant that prices fell beyond any optimistic forecast. Prices are expected to fall even in the year that is about to begin.
The consumer market for families works much less well. According to calculations by Arera, the sector authority, a typical family of vulnerable subjects (consumption of 1100 cubic meters per year), considering the total including taxes, network and charges, recorded a decrease of only 18 percent. Less than half of what happened, for the energy component, wholesale. Who chose to stay on the so-called free market will have to make the calculations based on the signed contract. And it would be interesting that the many
operators, so generous with bewitching commercials, would also recognize an additional bonus to those who, having chosen more rigid contracts, do not benefit from a season of such extraordinary discounts. A way to reward the preference for the free market which, in other seasons, was penalized compared to greater protection. In recent days the Arera was renewed with the new president at the head
Nicola Dell’Acqua who replaced Stefano Besseghini.
Waiting for Energy decree with measures in favor of the weakest usersthe simplification of the bill, the change of supplier in a single day, we hope that in 2026 the final consumer will also be able to enjoy greater attention and all the advantages of a market trend that appears confirmed in the coming months. Of course, the ease with which the bills adapt to the increases and the extreme difficultyif not the real impossibility, of updating them downwards.
December 30, 2025
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