Simone Stern, Bloomberg News
ZURICH
EnergiesNet.com 04 15 2022
In order to avoid that, the government wants to come up with a temporary emergency rescue package. The government would only step in if companies can’t withstand the situation with the support of their shareholders and lenders.
The price volatility in energy markets – further exacerbated by the war in Ukraine – has increased the liquidity requirements of wholesale electricity companies, the government said in a statement Thursday. “An uncontrolled failure of a larger company could jeopardize the security of supply in Switzerland and trigger a chain reaction.”
In order to avoid that, the government wants to come up with a temporary emergency rescue package. The government would only step in if companies can’t withstand the situation with the support of their shareholders and lenders.
A federal law would have to be discussed and approved in the chambers’ 2022 summer session.
Switzerland Sets Up Hydro-Power Reserve to Avoid Blackouts
bloomberg.com 04 14 2022
