Italy saved over 90 million euros with daylight saving time
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Terna, Italy’s national electricity transmission grid operator, reported that Italy saved approximately 300 million kilowatt-hours of electricity during the recent daylight saving time period.
This energy saving, which ended on October 24 to 25, 2023, covered the period from March 29 to October 24. The reduction in electricity use translated to economic savings of over 90 million euros for Italian citizens. The change also benefitted the environment, decreasing carbon dioxide emissions by an estimated 140,000 tons.
Terna calculated these savings using an average electricity cost of 31.4 euro cents per kilowatt-hour, as determined by the Authority of Regulation for Energy, Networks and Environment (Arera). Looking back to 2004, Terna’s analysis shows that daylight saving time has helped Italy cut electricity consumption by more than 12.3 billion kilowatt-hours, resulting in a total of 2.4 billion euros in savings for citizens.
