Published by Global Banking & Finance Review®
Posted on February 18, 2026
1 min readLast updated: April 3, 2026
Add as preferred source on GoogleItaly approved a €3B package to reduce wholesale energy prices by narrowing the PSV-TTF gas spread (2-4 €/MWh). The move aims to shield households and firms and bolster competitiveness.
ROME, Feb 18 (Reuters) - Italy approved a set of measures on Wednesday worth roughly 3 billion euros ($3.54 billion) to cut wholesale energy prices, government officials said, in a bid to protect families' purchasing power and support business competitiveness.
Power costs in Italy are significantly higher than in France and Spain, as the country is heavily dependent on energy imports and therefore vulnerable to changes in international prices and geopolitical tensions.
The government wants to narrow the difference, or "spread" between wholesale gas prices on an Amsterdam hub, and those in Italy, where more than 40% of electricity is produced with gas.
Depending on market trends, the wholesale price for natural gas traded on the Italian market, the PSV, is normally higher than the TTF, which is traded in Amsterdam, by some 2-4 euros per megawatt hour.
($1 = 0.8463 euros)
(Reporting by Giuseppe Fonte, editing by Gavin Jones)
Italy approved a roughly €3B package to cut wholesale energy prices, targeting the gas market spread to ease costs for households and businesses.
By narrowing the price spread between Italy’s PSV gas hub and the Dutch TTF benchmark, which typically runs about 2–4 €/MWh, helping lower wholesale costs.
Italy relies heavily on energy imports and gas-fired generation, making it more exposed to international price swings than countries like France and Spain.
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