dear-bills,-the-impact-of-the-increases-on-italian-companies-–-rb

Dear bills, the impact of the increases on Italian companies – RB

Dear bills, the impact of the increases on Italian companies – RB

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Dear bills, the impact of the increases on Italian companies – RB

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Dear bills, the impact of the increases on Italian companies – RB

With almost 36 billions of $ of extra cost in the 2022, the expensive bills weigh on the financial statements of Italian companies. Compared to 2019, within 3 years, the cost of electricity bills for companies has almost doubled. An increase which, added to the increase in gas prices, will force many businesses, at least temporarily, to close their production plants. This is the alarm launched by the CGIA which, for the current year, has assumed an overall consumption of electricity by companies equal to that recorded in 2019 (year pre-Covid) with, for the current year, an average electricity tariff for companies equal to 150 $ per MWh.

To deal with this situation – according to the CGIA – a common $pean strategy must be implemented in the medium term to stabilize the price of gas on the market, standardizing supply conditions and thus reducing the price differentials between member countries. “Hoping that this blaze will end within the first part of 2022, – underlines the CGIA Studies Office – the situation must be addressed immediately with urgent measures. The Government should increase the resources already made available with the Budget Law 2022, making at least $ 1 billion per month available to companies until next June to control tariff increases “.

THE REGIONAL SCENARIO – The higher price increase – according to the estimates of the CGIA Studies Office – will affect the companies located in Lombardy: compared to 2019, the increase in the cost of electricity will be equal to 8.5 billion $. Veneto follows with an extra cost of $ 3.9 billion, Emilia Romagna with $ 3.5 billion and immediately after Piedmont with $ 2.9 billion. Since economic activities are concentrated mainly in the North, – underlines the CGIA – the activities of this division will suffer the overall amount of the most important increases. Against an increase that will be nationally of almost 36 billion, 22 (equal to 61 for percent of the national total) will affect northern companies.

THE MOST AFFECTED SECTORS – The most “affected” sectors will be, at least in theory, those that record consumption of most important electricity. According to the electricity consumption of 2019, the price increases will be most affected by: metallurgy (steel mills, foundries, ironworks, etc.); trade (shops, shops, shopping centers, etc.); other services (cinemas, theaters, discos, laundries, hairdressers, beauticians, etc.); food (pasta factories, ham factories, bakeries, mills, etc.); hotels, bars and restaurants; transport and logistics; chemistry.

THE IMPACT ON THE AGRI-FOOD – On the agri-food system front, from fields to shelves, to deal with consequences of the expensive bills is Coldiretti. “The record increase in energy costs shuts down greenhouses and jeopardizes the future of some of the most typical productions of national horticulture such as cyclamen, lilies or buttercups – reports the association -. The high bills have a double negative effect because it reduces the purchasing power of citizens and families, but also increases the costs of companies that are particularly relevant for agri-food with the arrival of cold and winter. The cost of energy – explains Coldiretti – is in fact reflected in the entire agri-food chain and concerns both agricultural activities but also processing, distribution and transport. For cultivation operations, farmers were forced to face price increases of up to 50% for the diesel fuel needed for activities that include grubbing, rolling, sowing and fertilizing. Furthermore, the surge in the cost of gas, used in the fertilizer production process, has caused fertilizer prices to skyrocket, with urea going from 350 $ a 850 $ a ton (+ 143%), diammonium phosphate doubled Dap (+ 100%) from 350 to 700 $ per ton, while extraction products such as mineral superphosphate record + 65%. Fertilizers based on nitrogen, phosphorus and potassium, which also undergo a strong surge (+ 60%). The increase in costs also concerns the feeding of livestock, the heating of greenhouses for flowers and vegetables, but the costs for drying fodder, agricultural machinery and spare parts for which they are even occurring are also increasing. worrying delays in deliveries. The rise in energy prices – continues Coldiretti – then affects production costs such as that for packaging, from plastic for flower pots to steel for jars, from glass for jars to wood for transport pallets. and paper for the labels of products that affect different supply chains, from milk packs, to bottles for oil, juices and purées, to nets for citrus fruits to enameled jars for legumes “. In this scenario, faced with an unprecedented emergency, for Coldiretti, “responsibility on the part of the entire food chain with agreements between agriculture, industry and distribution is needed to ensure a more equitable distribution of value to save farms and stables”.