Despite being one of the less liquid power markets in Europe, over the past five years increasing numbers of banks and European energy companies have ventured into the Italian power market, including Deutsche Bank, Morgan Stanley, Merrill Lynch, JP Morgan, RBS Sempra Commodities, Germany's E.ON and France's EDF Energy.

Indeed, if the region can overcome structural and regulatory issues, experts forecast that over the next few years, the Italian power market could start to behave like the more