Swissgrid, the national electricity grid operator, generated a net profit of CHF103.8 million in 2024, an increase of CHF3.8 million year-on-year. Sales were boosted by higher tariffs.
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Swissgrid a dû hausser ses tarifs en 2024 et vaincre de gros défis
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Net revenue totalled CHF1.825 billion, compared to CHF1.219 billion in 2023, Swissgrid announced Wednesday. This sharp rise in revenue is due to the disruption on the energy markets in 2022, with the operator passing on these costs in subsequent years. In 2026, services will again be cheaper, the company assures.
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Swiss electricity prices to fall by 10% in 2025
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Electricity prices will fall by an average of 10% for Swiss households in 2025, the Federal Electricity Commission ElCom reported on Thursday.
In terms of net profit, the company expects the 2025 financial year to be on a par with the previous year. Swissgrid’s business model is highly regulated.
Swissgrid is pleased that in 2024 it was able to “operate the Swiss transmission system safely and reliably. Availability exceeded 99.9%, despite a demanding environment”.
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Swiss inflation sank to four-year low in February
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Annual inflation in Switzerland fell further in February. The last time it was this low was in April 2021.
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. An editor then briefly reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
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Swiss nuclear power plants are not at risk from flooding
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According to an inspection by the Swiss Federal Nuclear Safety Inspectorate, the safety-relevant buildings of the Swiss nuclear power plants are not at risk.
Swiss Fairtrade label breaks billion franc barrier in sales
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Products with the Fairtrade Max Havelaar label generated sales of more than CHF1 billion in Switzerland for the first time last year.
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