IEEFA Report: Terna's €16.6 Billion Investment Plan to Enhance Italy's Energy Grid and Competitiveness
The IEEFA report outlines Terna's €16.6 billion investment plan from 2024 to 2028 to improve Italy's power grid. This plan aims to ease grid congestion, reduce renewable energy curtailment, and maintain low consumer costs. Stability in funding is emphasized to avoid impacting electricity tariffs. The report also highlights the need for enhancing the north-south transmission corridor and cross-border interconnections to balance renewable energy generation and demand.
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Terna plans to invest €16.6 billion in Italy's power grid from 2024 to 2028 to enhance energy security and competitiveness. The investment aims to reduce grid congestion and renewable energy wastage while keeping consumer costs stable.
The report from IEEFA indicates that Terna's transmission charges could remain around 4% of electricity bills until at least 2028. Key to success is ensuring stable funding without affecting tariffs. The report encourages reinforcing the north-south corridor and improving interconnections.
Terna's revenue primarily comes from regulated activities, which incentivizes efficient investments. The company has also issued €1.6 billion in green bonds, showing its capacity to attract funding. Italian regulators have tools to support grid modernization while limiting consumer bill impacts.
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