verbund ag on wednesday set out the expected hit to earnings from a new austrian law capping energy prices as well as measures passed in other european countries the utility expects a negative impact of 18 billion euros 191 billion to its earnings before taxes interest depreciation and amortization due to the austrian law which places a levy on revenue gained above a certain price cap verbund is also affected by a similar cap in germany from which it will suffer a further earnings loss of eur300 million it said market interventions in spain and romania will also affect the company the expected earnings hit is based on current market data and figures and could differ according to further developments verbund said the austrian law levies 90 of all revenue above eur140 per megawatthour achieved between dec 1 2022 and dec 31 2023 verbund said the limit can however be raised to eur176 per megawatthour if companies invest sufficiently in renewable energy or energy efficiency