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.
Just in case
With the rescue package, the state government wants to ensure security of supply. Further strong price premiums could lead to a chain reaction in the electricity industry and, in the worst case, result in a system collapse. It’s not about rescuing insolvent companies, as Sommaruga emphasized. With the preventive instrument, the Federal Council wants to avoid emergency law.
In view of the numerous objections in the short consultation, the Federal Council meets the critics on a number of points. For example, he has relaxed the disclosure and information requirements, especially before a loan is granted. He has also eliminated his ability to exert operational influence. He also substantially lowered the risk premium and made the calculation of the provision fee more precise.
risk premium on loans
“The law is a kind of insurance,” said SVP Finance Minister Ueli Maurer (71). He was convinced that the federal government would offer Parliament such a reasonable solution. The risk premium for the loan is 4 to 10 percent, according to Maurer. In the original proposal, this surcharge was significantly higher.
The Federal Council has limited the law to 2026. Parliament is to discuss the bill in the summer session. (GBL/SDA)
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