Hydro-electric stations will be paid by the government to hold back on electricity sales to make sure there’s enough reserve power over the winter.
At a press conference in Bern yesterday, the energy minister Simonetta Sommaruga, said the plan could cost CHF 700m.
Using less hydro could put the cost of power up by 1.2 centimes per kilowatt hour – but having reserves will mean there’ll be spare capacity if there’s a shortage of gas and oil.
Telecoms operator hacked
Swiss operator Salt has confirmed hackers stole personal data belonging to its mobile customers
AI assists in recycling issue
A Vaud recycling firm has switched on an artificial intelligence sorting line at its plant near Yverdon, aiming to close Switzerland's poor plastics recycling record
La Poste warning
La Poste chief Christian Levrat warns Switzerland's postal service could disappear within a decade without major changes
Financial gap widens between Switzerland and eurozone
The gap between Swiss and eurozone interest rates has hit a record 2.5 percentage points, after the European Central Bank raised its benchmark to 2.5% at the end of last week while the Swiss National Bank sits at zero
More job cuts in Geneva
Geneva's UN trade agency plans to cut 70 of its 500 staff, as funding pressure mounts
Voting day just 2 weeks away
Geneva heads to the polls on 27 September to decide whether it should be easier for tenants to buy the flat they rent
