ARERA in Brief: Annual Report on the State of Services and Activities in 2025 (ARERA)

Summary

• The average PUN wholesale electricity price in 2025 was €115.9/MWh (+7% on 2024), the highest among the main European exchanges.p.7
• Social bonuses were granted to 4.3 million households, of which 2.7 million for electricity and 1.6 million for gas.p.13
• The total price of electricity for Italian households fell by 1.6% to 35.12 c€/kWh, but remains 13% above the euro area.p.17
• Domestic electricity delivery points exceeded 30.5 million, of which about 24.3 million (79.7%) were in the free market.p.19
• In 2025 the gas price for Italian domestic consumers was 7% higher than the euro area average.p.21
• Italian LNG imports rose by 44%, from 14.7 to 21.2 billion m3, covering about a third of total imports.p.23
• Water service investment spending is planned at over 29 billion euro to 2029.p.24

Key insights

1. Italy is the first EU country for freshwater abstraction for drinking use, at 411 litres per inhabitant per day.p.8
2. The Conciliation Service received 30,235 applications (-13% vs 2024), with an agreement rate of 65%.p.14
3. Italian non-domestic electricity consumers faced a final price 24.1% higher than the euro area.p.18
4. The number of electricity sellers rose to 769, of which 710 in the free market.p.19
5. Eni remains the top gas importer, but its market share fell from 30.9% to 28.6%.p.23
6. Registered waste operators fell to 8,152 in April 2026 from 8,386.p.26
7. Natural gas supplies 70.5% of district heating energy consumption, with an average price of 113 €/MWh.p.27