London, 19 July 2016 -- Moody's Investors Service expects that Italian power prices will vary within a range of EUR35-40/MWh in the five years to 2021. This compares with the current one year forward price of EUR42 per megawatt hour. The expected trend is mainly driven by a combination of low gas prices, weak demand and oversupply. Low gas prices remain the most important driver of Moody's estimates.

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