Fastweb enters the electricity market

Fastweb enters the electricity market with Fastweb Energia. And the goal is to reach 150 million revenues in three years, around 15% of the consumer segment turnover. "Today is an important day for Fastweb, which is taking another step towards becoming an increasingly reliable partner for its customers," said Fastweb CEO Walter Renna. "The quality of service and innovation combined with the simplicity and transparency that have always distinguished us for fixed connectivity and mobile service are now extended to the supply of electricity to create even more value and offer households an increasingly complete service capable of meeting their needs.

The offer, explained Renna, 'is the only one that shows you a price that is what you pay, with no surprises. It is 100 per cent green, the energy is certified renewable'. Fastweb Energia has a fixed fee for consumption bands, with a monthly price that the consumer can choose and find out about before signing up to the offer, including all items (raw material costs, transport and meter management costs, system charges, excise duties, VAT), which are always the same. In addition, Fastweb Energia offers the possibility of monitoring one's daily consumption online and forecasting annual consumption thanks to artificial intelligence, via the reserved customer area. For the first three weeks the price will be locked in: 65 euros per mse for 2,500 Kwh per year for a power of 3Kwh.

On the sidelines of the presentation of the offer, Renna also spoke about the match on the Tim network: 'On Fibercop our position has not changed: we are an industrial investor and if we can maintain this role as an industrial investor we will gladly remain in Netco, otherwise we will leave. This depends very much on the negotiations with Kkr, discussions are ongoing,' the manager said, adding that 'on Netco we are in favour of any operation that develops ftth in italy, in compliance with all regulations, and we are in favour of having an open service that gives access to active and passive connectivity. If this works we are happy'.

"There is no doubt that the competent antitrust authority is the national one" in the deal with Vodafone, Renna then said. "We are in the authorisation phase of the deal, which will be concluded according to our estimates in the first quarter of next year" and "we are in the pre-notification phase with the presidency of the Council for the Golden Power and we will start interlocutions with Mimit and Agcom for the frequencies".

According to the manager, the two companies (Fastweb and Vodafone Italia) 'are highly complementary', so 'we also expect high complementarity in terms of people: Fastweb has the best talent on fixed line and Vodafone has high quality on mobile. We want to integrate the two companies with the best resources on the market and people are a value of this deal".