Enel and Hera were awarded the greatest number of lots allowed in the highly anticipated auctions managed by the Single Buyer regarding the passage of 4,5 million customers with greater protection to the system of gradual protections. She reveals it Radiocor.
Customer auctions with greater protection: Enel and Hera are full
The auctions were held on January 10th and, out of a total of 26 lots into which Italy was divided, Enel and Hera would have won 7 lots each, the maximum allowed by antitrust regulations. These are provisional assignments, given that the definitive ones will arrive by February 6 this year, but the result still remains remarkable.
Doing a quick calculation, in fact, with a total of approximately 1,4 million customers each (each batch in fact includes around 200 thousand customers), the two operators have almost reached 70% of the customer share in the tender strengthening their activity in the main Italian cities.
The other utilities
The other 12 remaining lots would go to the other utilities. In detail, again according to Radiocor, Edison would have been awarded four lots, A2A and Iren two more two each. The lots of the Lombard multi-utility are in the central south and in key cities such as Naples, Palermo and Cagliari.
A E. Hon a lot should have gone, none to Sorgenia. Even Eni (through Fullness) to That participated in the tender but at the moment there is no certain news of any awards. The definitive results, as mentioned, will be in February.
However, the fate of the so-called remains to be decided vulnerable customers remained under greater protection, a fate which, according to the provisions of the Energy Decree, will depend on a provision that the Energy Authority (Arera) will have to issue by the beginning of February. L'Arera, however, at the end of 2023 he stalled, asking for time until the end of 2024.
Stock market reaction
After the press rumors that, with 7 lots each, Enel and Hera lead the preliminary ranking of the awards in the auction for the assignment of customers who will leave the protected market to move to the gradual protection market, the shares of the two companies rise on the stock exchange.
Compared to an FtseMib rising by 0,85%, Enel gains 1,2% to 6,753 euros per share, Hera recorded an increase of 2% to 3,026 euros per share. Also shop on A2a (+ 0,94%
Banca Akros analysts predict that the end of the regulated market will not have a significant impact on companies' profitability in the short term. However, in the medium term, especially after the end of the transition period, it is reasonable to assume a recovery in margins.
