Hydroelectric station, canton Valais, Switzerland
Bern, Switzerland (GenevaLunch) – Electricity price increases announced in 2009 by several suppliers were provisionally rejected in July 2009 by Bern as unnecessarily high, and Monday 8 March the federal electricity commission confirmed this. The commission’s report says that the increases were based on costs that were over-estimated in some cases and unacceptable inefficiency in other cases. The energy companies have the right to appeal, but if they do not the rate hikes will have to be abandoned.
The companies concerned are: Alpiq, BKW, Axpo (Axpo AG, CKW, EGL), EWZ and Rätia Energie, along with a number of smaller firms.
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 8 March 2010.
Filed under: Business
Tags: Bern, cost, electricity, energy, hikes, increases, price, Society, Switzerland
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