All the proposals by the Board of Directors were approved at today's Annual General Assembly of Swissgrid Ltd. A dividend totalling CHF 29.4 million will be distributed for the 2017 financial year.

Swissgrid will assume additional roles, above all in the areas of construction supervision, project planning and health, safety & environment (HSE).

An unusual imbalance led to a major shortfall in the Swiss control area on 31 March 2018. Consequently, Swissgrid had to use large quantities of positive tertiary energy over a lengthy period.

Swissgrid will significantly reduce the tariffs for using the Swiss transmission grid again in 2019. A typical four-person household will now pay an average of CHF 45 a year for Swissgrid’s services. This amounts to around 5% of annual electricity costs.

The decision comes in the wake of his appointment as a representative of the Canton of Bern to the Board of Directors of BKW.

ENTSO-E has now confirmed with the Serbian and Kosovar TSOs, respectively EMS and KOSTT, that the deviations which affected the average frequency in the synchronous area of Continental Europe have ceased.

Since mid-January, the continental European grid has experienced a continuous deviation from the mean value of the 50 Hz grid frequency.

After proceedings ended with the dismissal of appeals by the Federal Court on 1 September 2017, preparatory field work for the construction of the 380-kilovolt (kV) Chamoson-Chippis line will begin in January 2018.

With the entry in the commercial register on 3 January 2018, Swissgrid has taken over additional facilities belonging to the transmission grid.