Energy crisis key to Italy's election — but not conservation
The energy crisis facing Italian industry and households is a top voter concern going into Sunday's parliamentary elections as fears grow that astronomically high bills will shutter some businesses and force household rationing by winter
MILAN (AP) — Giambarini Group’s plants in northern Italy must keep zinc baths that rustproof steel and iron parts super-heated around the clock, seven days a week, an energy-intensive process that has grown exponentially more costly as natural gas prices spike.
Methane to create molten zinc that forms a protective coating over high-rise support beams and wrought-iron fences used to take up just 3% of operating costs, but now it's as much as 30%. The family-run company has passed some of the extra cost to customers, but business is uncertain as rising prices for raw materials freezes the construction industry that Giambarini supplies.
“We don’t know the future. We don’t know if it will get worse or better, since clients don’t know if they will have work,’’ said CEO Alberto Giambarini, the third generation in his family to run the business. He has orders for the coming 10 days, instead of through Christmas, like in the past. “We are living day to day.”
The energy crisis facing Italian industry and households — like those across Europe — is a top voter concern going into Sunday's parliamentary elections as fears grow that astronomically high bills will shutter some businesses, at least temporarily, and force household rationing by winter. Prices started going up a year ago and have only been exacerbated as Russia has cut back natural gas used to generate electricity, heat and cool homes, and run factories as Europe supports war-torn Ukraine.
