Italian utilities fall as government raises corporate tax on energy firms

Iren S.p.A.

19/02/2026 09:06

** Shares in Italian utilities slide after the government approved a two-percentage-point hike in its IRAP corporate tax on energy firms late on Wednesday

** Shares in A2A A2.MI, Enel ENEI.MI, Hera HRA.MI and Iren IREE.MI fall as much as 3-4%, underperforming the broader market

** The move is expected to bring the government around 1 billion euros ($1.18 billion) in extra revenue through 2028, a decree seen by Reuters showed, which will be used to fund the planned energy bill cuts

** "The provisions... introduce regulatory risk and reduce visibility on the evolution of energy prices due to the uncertainty on the application of ETS measures," Equita analysts say

($1 = 0.8473 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))