2020 Integrated Annual Report
IT

Management report

CONSOLIDATED FINANCIAL STATEMENTS

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Management report

CONSOLIDATED FINANCIAL STATEMENTS

Corporate identity

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Italgas is Italy’s top gas distributor and the third in Europe

The Group and its affiliates6, with 4,049 people working at the various offices across Italy, manage a distribution network spanning 73,058 kilometres overall, through which 8,727 million cubic metres of gas were distributed to 7,749 thousand users over the last year. The Group and its affiliates hold 1,887 concessions, with a historical presence in Italy’s main cities, including Turin, Venice, Florence, Rome and Naples, and a market share of 35%.

It was founded in 1837. With more than 180 years of history behind it, it is unanimously acknowledged as the company that has brought gas into Italian homes, contributing towards the country’s social and economic development. It continues to contribute to this day, as epitomised in the methanisation activities in Sardinia, the region where Italgas is constructing the country’s most advanced network and where it distributed the island’s first natural gas in 2020.

Today, Italgas is above all a company that looks to the future, with clear growth and development objectives and an important investment plan for the progressive extension of the service and adoption of digital technologies, which increase the efficiency of network management every single day..

For over two years, Italgas has been attending to a digital transformation process involving not only its infrastructure, but also its processes and people. Major but necessary efforts are being made to offer effective support to the energy transition.

The Group’s business

The core business of Italgas is focused on gas distribution, which it carries out as part of the wider national system, involving the distribution of gas on behalf of sales companies authorised to sell the gas to end customers. In addition to the delivery service, carried out using the local pipeline networks from the city-gates (reduction and metering stations interconnected with the transmission networks), the company also carries out metering activities, which include the collection, processing, validation and provision of consumption data in order to regulate commercial transactions between operators and users.

The operations for the gas distribution business are managed by:

  • Italgas Reti S.p.A. – which operates nationwide
  • Toscana Energia S.p.A. – operating in the Tuscany region
  • Medea S.p.A. – operating in Sardinia.

Italgas is subject to regulation by the Italian Regulatory Authority for Energy, Networks and the Environment (hereinafter also referred to as the Authority or ARERA), which establishes both the process for providing the service and the distribution and metering tariffs. The gas distribution business is carried out under concession.

The Italgas Group also operates in the field of energy efficiency and saving: Toscana Energia Green S.p.A. and Seaside S.r.l. provide services relating to solar energy from photovoltaics, thermal energy, district heating, cogeneration and public lighting, investing in new technologies for an increasingly profitable use of renewable sources.

Through Gaxa S.p.A., the number one gas sales company in Sardinia, the Italgas Group also sells gas, supplying LPG, propane air and methane.

The Group also manages the integrated water service (IWS) of five municipalities in Campania, on a concession basis, through Italgas Acqua S.p.A.

6 The following reported data refer to the Group only: 3,985 employees, 71,185 kilometres of network, 8,477 million cubic metres of gas distributed, 7,595 million users, holders of 1,826 concessions.