电力游戏：意大利重塑能源成本、电网接入和数据中心

March 2026 Contracts must be active as of 1 January or activated by 31May, and the discount is applied directly in the invoice of Introduction The Law Decree of 20 February 2026, No. 21 (the Decree),published in the Official Gazette on 21 February 2026,introduces “urgent measures to reduce electricity andgas costs, enhance industrial competitiveness, support Suppliers participating in the scheme will receive acertification issued by ARERA, which may also be usedfor commercial purposes. ARERA is required to define The Decree comprises 12 articles across two chapters,covering,inter alia, electricity costs, renewable energy, gridconnections, data centres, tax and gas. It entered into forceon 22 February 2026 and must be converted into law by the The Decree therefore distinguishes between automaticpublic support and voluntary market-based support, withincentives favouring low-consumption households. Thevoluntary mechanism may introduce a reputational element The purpose of this alert is to provide a clear and conciseoverview of the Decree’s key provisions and their potentialimplications for energy costs, industrial competitiveness, theenergy transition, grid connection management, renewable The practical impact of the measures will depend onARERA’s implementing regulations and the level of supplier Electricity and Gas Costs ASOS Reduction and Nondomestic Support Extraordinary Support for Household Electricity Article 2 of the Decree introduces urgent measures toreduce the alternative sources support (ASOS) componentof electricity bills for nondomestic users and to regulate Article 1 of the Decree introduces extraordinary measures tosupport household electricity costs for 2026 and 2027. •For 2026, an automatic contribution of €115 is providedto electricity supply contracts held by beneficiaries ofthe social electricity bonus.1 The contribution is to be •Voluntary FIT Reduction (2026-2027)– Owners ofPV plants exceeding 20kW, with fixed feed-in tariffs(FITs) recognised by GSE S.p.A. (GSE) and expiring from1January2029, may opt for (i) a 15% reduction in the tariff(July2026 to December2027) in exchange for a three-month extension; or (ii) a 30% reduction over the same The total budget for 2026 is capped at €315 million,2 tobe disbursed through theCassa per i Servizi Energetici eAmbientali(CSEA). •For 2026 and 2027, electricity suppliers may voluntarilygrant a supplementary contribution to residential customerswho (i) are not social bonus recipients, and (ii) have an •Early Exit From Incentives (from 2028)– The same PVplants may, by 30September2026, opt for early withdrawalfromConto Energiaincentives, effective 1January2028, subject to a 10GW national cap. Priority is given toparticipants in the voluntary FIT reduction schemes.Compensation equals 90% of the net present value of Eligibility is limited to low-consumption households:bimonthly consumption must not exceed 0.5MWh, and Early exit is conditional on integral refurbishment of thePV plant by 31December2030 using modules registeredin the PV technology registry,5 doubling expected outputfor residual incentive years, or achieving a minimum40% producibility increase for ground-mounted or non- In addition, ARERA may establish an extra reimbursementrelated to Emissions Trading System (ETS) costs, calculated inadvance for specific periods and capped at the expected costfor an efficient combined-cycle gas turbine (CCGT) plant. This ARERA will also verify that the reimbursed amounts are fullyreflected in the market offers of the relevant thermoelectricplants. If producers fail to transfer these reimbursementsinto their bids, they will be required to return the amounts,potentially with penalties. ARERA will define procedures Compensation for early exit will be paid in ten annualinstalments starting in 2028, at a GSE-determined interest To facilitate refurbishment, a new category of “integralrefurbishment” applies to PV plants on industrial sites(Legislative Decree190/2024). A ministerial decree, dueby 22May2026, will set out operational procedures, Overall, these provisions combine competition-enhancingtools, aiming to reduce wholesale electricity prices, enforceregulatory oversight, and partially transfer the cost of gas from The measures aim to reduce electricity costs for nondomesticusers, encourage repowering existing PV assets, andtransition from historical fixed incentives to more market-oriented support mechanisms. This framework combines Renewable Energy Article 4 of the Decree introduces measures to promotelong-term contracting (≥3 years) of electricity from renewable Gas Cost Reduction and Electricity Market •The PPA market is strengthened through an enhancednoticeboard, enabling companies to register contracts,including aggregated agreements based on location,consumption profile or sector. The noticeboard promotes Article 6 of the Decree introduces urgent measures aimedat both strengthening competition in the Italian wholesale