The Federal Council flies to the aid of electricity producers threatened by price volatility
The artificial lake of Narét, in Ticino. © Keystone
Published on 18.05.2022
Estimated reading time: 9 minutes
Share this article on:
Energy » The unprecedented volatility of electricity prices is prompting the Federal Council to act to protect itself once morest the risk of bankruptcy of one of the Swiss giants in the sector.
A month ago, he drew the outlines of a rescue mechanism, which he put in consultation. And he worked urgently to already present a message to parliament on Wednesday.
The Confederation to the aid of electricity producers
It must be said that the alarm bells sounded shortly before Christmas already, when the electricity markets caught fire. The Alpiq group, which notably operates the Grande-Dixence dam in Valais, has come within a whisker of the cessation of