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By Liam Moloney

Italian energy regulator Aeeg Friday said electricity and natural gas utility bills will increase in the third quarter of the year as a result of higher international oil prices.

In a statement, the regulator said electricity prices will rise by an average of 1.4% and gas prices will go up 1.1% on average from Monday for households and small businesses that have decided to stay within a system in which energy prices are set by Aeeg.

Annually, the increases will add an average of 14 euros ($18.06) to the gas bill and EUR7.6 to the electricity one, the regulator said.

Write to Liam Moloney at liam.moloney@dowjones.com

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