How much does electricity cost in Switzerland?
A paid subscription is required for full access. The average wholesale electricity price in Switzerland amounted to 116.96 euros per megawatt-hour in March , an increase compared to the previous month. Prices peaked at over 488 euros per megawatt-hour in August . Get notified via email when this statistic is updated. *Provisional figure.
How is electricity produced in Switzerland?
Based on the United States Energy Information Adminstration data from , electricity in Switzerland is produced from the following sources: fossil fuels 0.89%, wind 0.26%, solar 6.62%, hydro 51.99%, nuclear 40.25%, and geothermal 0.00%.
What makes Switzerland a good country for electricity?
Switzerland's electricity market is distinguished by its heavy reliance on renewable energy sources, particularly hydroelectric power. The country's abundant alpine rivers and lakes facilitate the generation of hydroelectricity, making it the cornerstone of the Swiss energy strategy.
What is Switzerland's energy mix?
Nuclear energy is another significant component of Switzerland's energy mix. However, there is a gradual shift towards reducing reliance on nuclear power in favor of renewable sources, in line with the country's long-term energy strategy. Hydroelectric power is the mainstay of Switzerland's electricity generation.
What are Switzerland's energy policies?
Switzerland's energy policies are geared towards ensuring a reliable, sustainable, and competitive electricity market, with a strong emphasis on integrating renewable energy sources and enhancing energy efficiency.
How does supply and demand affect electricity prices?
Supply (production) is combined here with demand (consumption) and ultimately results in a price for a specific electricity product. The day-ahead market indicates the wholesale electricity price for the following day. The electricity price also indicatively reflects an assessment of the overall market on the supply situation.
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