Switching electricity or gas supplier in Italy requires your POD or PDR code, found on your latest bill, and the new supplier handles the transfer and ends the old contract. Currently switches take effect only on the first day of a month if filed by the 10th of the previous month, so the process takes one to two months, though electricity switches on any day of the month are scheduled to start from December 1st. Since 2024 suppliers may charge an exit fee for leaving a fixed-price electricity deal early, and the article warns that some firms add other charges, such as the 99-euro "customer area" fee that Arera fined AGF Energy 400,000 euros over. Taking over an existing account (voltura) can carry charges, such as 23 euros plus VAT from A2A for electricity and 44.76 euros plus VAT for gas where Italgas runs the network. If problems arise, Arera recommends a written complaint to the supplier, and if unresolved after 40 days, its free online conciliation service.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on thelocal.it ↗
Related news
- INT : Wholesale inflation much hotter than expected as soaring energy costs threaten price hikes through holidays
US wholesale prices rose 6.3% year-on-year in September, the largest annual jump since December 2022 and well above the expected 5.3%, while the monthly increase of 1.3% also beat estimates of 0.5%. Energy costs jumped 10.8% in the month, with gasoline up 20.3%, and energy drove more than 80% of the reading. Walmart and Costco have warned they can no longer absorb cost increases, and shipping rates have surged amid the Strait of Hormuz crisis, which analysts say will make goods such as holiday items from China more expensive. Retail sales rose 0.8% in September, above the 0.3% estimate and mainly driven by gasoline, while higher-income households kept spending and lower-income Americans cut back. Traders priced roughly 65% odds of a quarter-point Fed hike in December, according to CME FedWatch.
- Nintendo raising repair costs in Japan again , impacts Switch 2 and Switch
Nintendo will raise repair costs in Japan again for both Switch 2 and Switch, effective November 16, 2026, citing rising prices for repair parts. Repairs involving the CPU board, LCD unit and other components will go up, while Joy-Con (and Joy-Con 2), the dock, Pro Controller and camera are unaffected. For example, a Switch 2 CPU board repair will rise from 27,500 yen to 37,400 yen, and a Switch CPU repair from 16,500 yen to 26,400 yen. Nintendo last raised repair prices in Japan at the start of 2025, and no similar increases have been announced for other regions so far.
- Rising Costs Continue to Challenge U . S . Consumers : How Much Longer Can They Cope ?
Consumer prices in the U.S. rose again in September 2026: CPI climbed to 3.7% year-over-year from 3.4% in August, mainly driven by a 9.1% jump in gasoline prices in a single month. Core inflation also edged up from 2.4% to 2.6%. Wholesale diesel prices soared 21% in one month, and the average retail diesel price hit $6.32 per gallon by mid-October, nearly double the $3.66 a year earlier, according to AAA; experts warn that transport costs will feed into the prices of other goods. Retail sales still rose 0.8% in September, but excluding gasoline they rose only 0.2%. The labor market is showing signs of weakening: the economy added just 29,000 jobs in September versus 90,000 expected, unemployment rose to 4.2%, and inflation-adjusted weekly paychecks fell year-over-year for the first time since May. The Fed raised rates to 3.75%-4.00% in September, its first hike since 2023, and 16 of 18 officials are considering at least one more hike, while the 30-year mortgage rate reached 7.46% by mid-October.
- Democrats and Republicans fight over beef and how much it costs . – NBC Connecticut
- Bank of Canada warns energy costs threaten inflation targets
- Inflation next wave could be building as energy costs spread through economy
The producer price index rose 1.3% in September from August and 6.3% from a year earlier, the fastest wholesale inflation since 2022, driven mainly by higher fuel costs. Transportation and warehousing prices jumped 3.4% in September and are up 16% year over year, while core inflation reached 2.6% annually. Diesel averaged $6.32 a gallon, versus $3.64 a year ago, squeezing business margins and raising the risk that companies will pass costs on to consumers. Heavy spending on AI data centers is also pushing up prices for chips, computer parts and electrical components. Markets widely expect the Fed to raise rates once more this year, though the timing remains uncertain.
Related markets
Latest news
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.