Lhe unprecedented volatility in electricity prices is prompting the Federal Council to act to protect itself once morest the risk of bankruptcy of one of the Swiss giants in the sector. A month ago, he was drawing the outlines of a rescue mechanism which he was putting in consultation. And he worked urgently to present a message to Parliament yesterday.
It must be said that the alarm bell rang shortly before Christmas already, when the electricity markets caught fire. The Alpiq group, which notably operates the Grande-Dixence dam in Valais, has come within a stone’s throw of…
