Electricity and natural gas are becoming significantly more expensive on the European market. This hurts Swiss companies
Prices at the energy exchanges have almost doubled in a short period of time. According to experts, no relaxation is in sight. The Swiss industry is calling for relief on the costs of the power grid.
Energy prices in Europe have almost doubled in a short period, causing concern among Swiss companies. According to experts, including Dominik Wipfli from Ompex and René Baggenstos from Enerprice, there is no relief in sight. The Swiss industry, represented by Jean-Philippe Kohl from Swissmem, is calling for relief on electricity grid costs, which can account for up to half of total electricity costs for some companies.
The price surge is attributed to various factors, including the conflict in Ukraine and Iran, low energy reserves, and drought affecting hydroelectric power.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
