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18 March 2003 - Italy's energy regulator has simplified the simplified procedures allowing medium and large companies to switch power suppliers in a move aimed at further liberalizing the sector and extending choice of supplier to more consumers.
The move is part of a previously announced liberalisation of Italy's energy market and will mean that a far larger number of firms will be free to choose a supplier from April 29. The change will mean that 60 per cent of the market will be free to move away from former monopoly supplier Enel, up from the current 40 per cent. In future, suppliers will have to inform big clients on each electricity bill that they can change supplier, whereas previously clients had to go through a lengthy bureaucratic process to find out if they could do so.
Competition in the electricity sector has been picking up speed in Italy. Last week Spain's largest power utility Endesa announced it would supply Telecom Italia with ten per cent of its electricity needs. It was the first agreement reached between a foreign electricity producer operating in Italy to supply power to a major Italian firm - Telecom Italia is Italy's second largest electricity consumer after the state railway company.
Meanwhile, Italy's second-biggest power group Edison SpA has announced a five-year industrial plan aimed at conquering 20 per cent of the country's liberalising electricity and gas markets by 2007.
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