ITALY ELECTRICITY SUBSIDIES CHALLENGED BY EUROPEAN COMMISSION
July 1st, 2006
BY KEITH NUTHALL
A GROUP of heavy electricity consumers in Italy may have to repay special electricity bill reductions allowed by the Italian government, which could be condemned as illegal by the European Commission. It has launched a detailed probe into compensation from a state fund, the Cassa Conguaglio del Mercato Elettrico, for part of their power bills. Aluminium producer Alcoa for its smelters in Sardinia and Fusina, near Venice, is a key beneficiary, along with heavy industrial plants operated by Thyssen-Krupp Acciai Speciali Terni, Cementir and Nuova ...
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