Electricity prices set to jump next year in Switzerland & More News Here

As the prices of the fossil fuels used to produce electrical energy rise so should the worth of electrical energy. According to the Association of Swiss Electricity Companies (AES), report market prices imply {that a} majority {of electrical} provide firms can have to cost their prospects increased prices in 2023.

A survey run by the Association at the start of May 2022 discovered that half of electrical energy provide firms in Switzerland plan to improve electrical energy prices by 20% or extra in 2023.

A worth rise from 21 centimes per kilowatt hour in 2022 to round 25 centimes per kilowatt hour in 2023 would imply a further monetary burden of round CHF 180 for a five-room family with an annual consumption of 4,500 kilowatt hours.

End worth rises are muted by the inclusion of prices unrelated to electrical energy manufacturing. 49% of the price of electrical energy consumed by the tip person is made up of community prices. Taxes make up an additional 18%, leaving solely 33% for the precise electrical energy. This means a 100% rise in the price of electrical energy would lead to a 33% rise in the tip worth.

In addition, worth rises won’t be uniform. Suppliers that purchase electrical energy in the markets will face steeper rises whereas those who produce their very own can be beneath much less strain to regulate prices. The length of provide contracts will have an effect too. Those which have contracts locking in prices years in advance can have extra leeway. However, 4 out of 5 firms surveyed stated they get most of their electrical energy from the markets with round half shopping for beneath contracts two to three years in advance.

Switzerland doesn’t produce sufficient electrical energy to be autonomous. It is a major importer in winter. According to Teddy Püttgen, an electrical energy knowledgeable at EPFL, the final massive addition to Switzerland’s era capability was the Leibstadt nuclear energy station opened in 1984. Since then Switzerland has achieved little to broaden manufacturing. Püttgen stated Switzerland has achieved virtually nothing concerning wind era. Solar has elevated however the features don’t cowl the capability misplaced when the Mühleberg reactor was decommissioned in 2019. At the identical time extra electrical automobiles and warmth pumps are being added to the system rising demand and widening the hole between the electrical energy Switzerland consumes and the electrical energy it produces.

More on this:
AES survey (in French) – Take a 5 minute French check now

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