WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 175
MARKET
DATA
As of December 2023, there are currently 705 hydropower power plants in Switzerland that have a capacity of at least 300 kilowatts (generator). Large-scale hydropower plants (capacity
greater than 10 MW generator) account for 90.6% of Switzerland's total hydropower production. Further, Swiss utilities are increasingly investing in new technologies related to batteries
and hydrogen
ElCom is Switzerland’s independent regulatory authority in the electricity
sector, which is responsible for monitoring compliance with the Swiss Federal
Electricity Act and the Swiss Federal Energy Act. It also monitors electricity
supply security and regulates issues relating to international electricity
transmission and trading.
03
CO₂ emissions (million tons of CO₂ equivalents)
4%
2023 Electricity mix
40
8%
38
Hydro
36
The Federal Act on a Secure Electricity Supply from Renewable Energy
Sources was approved by Parliament which lays the foundations for a rapid
expansion of Switzerland's energy production from renewable sources such as
hydropower, solar, wind and biomass. It also introduces a mandatory
hydropower reserve.
34
Nuclear
33.3
32.8
32.7
2022
2023
32
Solar
54%
34%
Fossil Fuels
Source: Low-carbon Power
30
2021
Source: Statistical Review of World Energy Data 2024
New generation capacity- Solar (In GW)
25
New generation capacity- Hydro (In GW)
22.5
20
20
15
5.8
5
10
0
5
15.8
11%
16.2
2023 Electricity consumption by sector
Residential
34%
Industrial
26%
2023
2030
2023
Transport and Others
Source: IRENA, Internal Forecast
According to a new report from the Swiss Energy Foundation (SES),
Switzerland is only able to rely on its own sources of energy for 29.7% of the
year, before the country import resources from abroad.
Source: Statista
29%
Source: IRENA, Internal Forecast
The Federal Council of Switzerland negotiates electricity agreements with
the EU to secure allow full access for Switzerland to the single market for
electricity and ensure cooperation in this sector with the EU in the future.
Services
2030
To date, there have been very few opportunities for PPAs in
Switzerland as electricity is mainly produced from a mix of nuclear and
hydropower and there are very few large-scale wind and solar
installations in the country. Switzerland did not have PPA capacity
until 2021
CO₂ pricing in (euro/ton CO₂)
160
120
Sources:
https://carbonpricingdashboard.worldbank.org/
https://edgar.jrc.ec.europa.eu/report_2023#emissions_table
https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Mar/IRENA_RE_Capacity_Statistics_2024.pdf?rev=a587503ac9a2435c8d13e40081d2ec34
https://www.pwc.ch/en/insights/strategy/m-and-a-trends-energy-utilities-and-resources-2024-outlook.html#:~:text=In%202024%2C%20more%20dynamics%20
are%20seen%2C%20with%20Swiss-based,country%E2%80%99s%20energy%20transition%20goals%20and%20improve%20grid%20reliability.
Electricity mix:
https://lowcarbonpower.org/region/Switzerland
Electricity consumption:
https://www.statista.com/statistics/1278367/electricity-consumption-sector-switzerland/#:~:text=Electricity%20consumption%20in%20Switzerland%20
2013%2D2023%2C%20by%20sector&text=In%202023%2C%20around%2019.2%20terawatt,compared%20to%20the%20year%20before.
120
119
121
86
80
60
54
40
0
2022
Source: The World Bank
Carbon Tax
2023
WEMO 2024
15
10
2024
ETS
175
Switzerland
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