SAN MARINO – In 2027, spending on electricity by San Marino families should remain substantially stable, with an estimated increase of 1%, while that on gas could increase by 12% compared to 2026. These are the forecasts released by the Autonomous State Company for Public Services (AASS), which also announces the imminent opening of subscriptions to fixed tariffs for electricity and gas, with the aim of protecting users from fluctuations in the energy markets.
According to the Company, the European energy market has seen a progressive rebalancing after the 2022 crisis, when wholesale prices had reached exceptional levels. In 2025 the average values stood at around 120 euros per MWh for electricity and 40 euros per MWh for gas, significantly lower than the peaks of the energy crisis.
2026 opened with a decrease in prices, followed, however, by new increases starting from the end of February, in relation to tensions in the Middle East, uncertainties about supplies of liquefied natural gas and the low level of European stocks.
To contain the risks associated with supplies, during the summer AASS strengthened and diversified its supplies, consolidating relationships with Enel and Axpo and adding SOCAR Trading Gas & Power through a direct agreement for operations on the energy markets.
A first intervention on tariffs has already come into force on 1 October 2026, with a 5.56% reduction in the spread applied to electricity, authorized by the competent Authority. The measure concerns families and economic operators and was also adopted to mitigate the impact of tariff increases relating to gas distribution.
According to the comparative analyzes updated to 5 November, the AASS tariffs are approximately 30% lower than the Italian reference regulated by ARERA for vulnerable customers and approximately 40% lower than the offers of some important Italian operators, considering equivalent domestic consumption. The comparison, the Company specifies, remains favorable also in the forecasts for 2027.
To offer greater predictability to energy spending, AASS is providing the possibility of adhering to fixed tariffs for both electricity and gas. The membership window should open by November, with methods and deadlines that will be communicated through the Company’s official channels.
News also for the most economically fragile families. The social benefits will concern electricity, gas and water services, with simplified requirements and application procedures. From 2027 it will also be possible to submit applications online and benefit, for those entitled, from free home Internet connectivity on the AASS FTTH fiber optic network.
On the energy production front, the Company aims to reduce dependence on external supplies through new investments in renewable sources. The Visano photovoltaic park, which is expected to be completed by December 2026, should help cover approximately 7% of the Republic’s electricity needs.
The project is accompanied by photovoltaic systems built at the public slaughterhouse and the Water and Gas headquarters in via Ovella. After the entry into operation of the Visano park, AASS will evaluate further tariff proposals, also inspired by the Italian Energy Release model, to guarantee more stable and competitive supply conditions for companies.
Finally, the Company specifies that the estimates for 2027 are based on the tariffs and prices available as of 5 November 2026 and could undergo variations in relation to the performance of international markets.
