Saturday, November 26, 2022

“Billions don’t fall from trees”

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After some massive criticism during the consultation, the Federal Council is insisting on a CHF 10 billion rescue package for the electricity industry. However, he has included numerous adjustments in the law, which is now going to parliament.

Because of the Ukraine war, energy prices would fluctuate like never before, explained Simonetta Sommaruga (SP, 62) on Wednesday before the Meden. According to the message, which the state government has now passed, all system-critical companies – above all the three big Axpo, Alpiq and BKW – should fall under the protective umbrella.

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