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.
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‘Pressure will increase on Switzerland to invest more in defence’
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Markus Mäder, Switzerland's state secretary for security policy, believes that more cooperation is needed in order to strengthen defence in Europe.
Just one in five Swiss attend a religious service at Easter
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Only one in five people in Switzerland attend a religious service during the Easter period or give up meat or alcohol for at least one day of fasting. Around 25% of those polled see Easter primarily as a family holiday, according to the survey.
Major road disruptions continue after heavy snowfall in parts of Switzerland
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The snowfall has ended in the southern Swiss canton of Valais, the cantonal emergency services said on Friday. Several roads, however, remain closed.
Swiss businessman gets prison term for asbestos deaths
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Stephan Schmidheiny has been sentenced to 9 years and 6 months in prison by the Turin Court of Appeal in a case against the former Eternit executive over deaths linked to asbestos exposure in Italy.
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Swiss imports and exports reached new heights in the first quarter, driven by the chemicals and pharmaceuticals sectors. Shipments to the US rose sharply.
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