Energy prices in Italy climbed on November wholesale markets as colder weather drove up heating demand.
The Prezzo Unico Nazionale for electricity and the Punto di Scambio Virtuale for natural gas both registered increases in early November reports, according to abbassalebollette.it.
That seasonal rise follows shifts in international markets and storage withdrawals across Europe. Higher costs threaten variable-rate consumer bills as residential heating systems operate at full capacity.
Electricity spot prices moved across the GME exchange during November. On November 11, 2026, the PUN stood at 0.27091 €/kWh, down from 0.29386 €/kWh the previous day, abbassalebollette.it reported.
Industrial and residential demand peaks during afternoon and evening hours drove those electricity figures upward. Gas-fired thermoelectric power plants also set generation costs when renewable energy output dropped.
Natural gas costs climb on storage withdrawals
Natural gas spot quotes at the PSV trading hub moved upward as heating systems started across Italy. Average trades reached 0.920 €/Smc, rising above October averages, abbassalebollette.it reported.
ComparaSemplice said that the PSV reached 0.93247 €/Smc on Wednesday, November 11, 2026, marking a 0.7 percent increase from 0.92638 €/Smc the day before. That value corresponded to 87.22 €/MWh and 0.08722 €/kWh.
Daily data derived from TTF Natural Gas Futures showed trading volatility through early November. Prices hit 0.980 €/Smc on November 3, dropped to 0.910 €/Smc on November 4, and reached 0.960 €/Smc on November 5, according to ComparaSemplice records.
Colder temperatures intensified gas outflows from domestic and European storage facilities. Markets factored in risk premiums based on winter weather forecasts and global liquefied natural gas supplies, abbassalebollette.it reported.
Consumer guidance for variable tariffs
Energy analysts at Abbassalebollette advise customers to check whether their raw material costs are indexed or fixed.
Consumers with multi-hour electricity meters can shift energy-intensive appliance use to evening and weekend slots. Those F2 and F3 time bands feature lower average PUN values than daytime peak hours.
Experts recommend setting indoor heating temperatures between 19 and 20 degrees Celsius.
Wholesale price indices fell in November
Wholesale price indices showed different movements across reporting days in November. Facile.it reported that the PUN fell to 0.24234 €/kWh on Thursday, November 12, dropping 10.55 percent from 0.27091 €/kWh the previous day.
For natural gas, Facile.it recorded the PSV at 0.92527 €/Smc on November 11, down 0.65 percent from 0.93137 €/Smc. ComparaSemplice tracked the same Wednesday PSV at 0.93247 €/Smc.
| Index | Date | Rate | Previous Rate | Change |
|---|---|---|---|---|
| PUN Luce (Facile.it) | Nov 12, 2026 | 0.24234 €/kWh | 0.27091 €/kWh | -10.55% |
| PSV Gas (ComparaSemplice) | Nov 11, 2026 | 0.93247 €/Smc | 0.92638 €/Smc | +0.70% |
| PSV Gas (Facile.it) | Nov 11, 2026 | 0.92527 €/Smc | 0.93137 €/Smc | -0.65% |
Suppliers offered fixed and indexed contracts for November 2026. Illumia offered its Lunga Easy Monoraria tariff at 0.165000 €/kWh fixed, while Eni Plenitude listed Fixa Time 24 Mono at 0.155700 €/kWh fixed, according to abbassalebollette.it.
For natural gas, Eni Plenitude offered Fixa Time 24 at 0.7505 €/Smc fixed. Sorgenia priced its Sunlight Next Energy Gas index contract at 0.867 €/Smc, abbassalebollette.it reported.
Frequently asked questions about winter energy rates
How do indexed PUN and PSV tariffs affect monthly bills?
Indexed tariffs adjust automatically based on monthly wholesale market averages from the GME and TTF exchanges. When winter demand pushes up PUN and PSV rates, variable-rate bills increase accordingly.
What are the cheapest hours to run household appliances?
For consumers on multi-hour meters, F2 and F3 time bands covering evenings, nights, and weekends offer lower average electricity prices than daytime peak hours.
Where can customers compare active supplier offers?
Customers can compare offers using online tools or contact advisory services for support with operator changes and utility activations.