2023 results

Investor

Lausanne, 23 April

Summary

01

02

03

04

05

Introduction

Changes in legal and regulatory conditions

2023 highlights

Full-year results

Next events

2

Introduction

Extraordinarily high profits

Outstanding operating performance

  • Driven by all three business units

Combination of exceptional circumstances

  • Catch-upeffect boosting energy supply margin
  • Strong profits from associates

Resilient business model

  • Business diversification
  • Generation infrastructure creating value over the long term
  • Energy transition and the electrification of society = positive underlying trends
  • Long-termgoals reiterated

4

Changes in legal and regulatory

conditions

Mantelerlass*

Objectives

  • speed up renewables rollout
  • consolidate security of supply
  • smooth progress towards 'net zero by 2050'

Milestones

  • passed in autumn 2023
  • implementing ordinances in consultation since 21 February 2024
  • Referendum on 9 June 2024

* energy umbrella act

Impacts

Renewable energies

  • National interest
  • New incentive instruments and changes to existing ones

Pricing

  • Base supply, discontinuation of average price method, replaced by a strict portfolio ringfencing
  • Grid and cost of capacity enhancements
  • Creation of a national minimum solar feed-in tariff

Energy efficiency

  • Reduced demand from end-customers and targets for suppliers

Community-based renewables projects

  • Energy sharing locally
  • DSO network use in return for local grid fee

Full disclosure

  • National data hub
  • DSO data comparison

7

Resumption of negotiations with EU

Why seek an agreement on electricity?

  • Security of supply
  • Stability of the Swiss transmission grid
  • Be part of the decision-making

Electricity market liberalisation

  • Conditions set by EU for agreement
  • Switzerland's requests:
  1. Base supply to be maintained
  1. Mechanism for stabilising electricity prices

2023 highlights

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Romande Energie Holding SA published this content on 23 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 April 2024 05:21:06 UTC.