All the proposals by the Board of Directors were approved at today’s Annual General Assembly of Swissgrid Ltd. A dividend of around CHF 48.2 million will be distributed for the 2022 financial year. The amendments to the articles of incorporation were approved, but still require the consent of the Federal Council.

In spring 2023, Swissgrid and SBB submitted a planning application for the replacement of the high-voltage submarine cables between Brusino and Morcote. A total of six Swissgrid and two SBB cables will be replaced along the cable route, which is 2.8 km long.

Swissgrid’s 2022 financial year was dominated by the challenges on the European energy market and the additional tasks entrusted to Swissgrid by the Federal Council to maintain Switzerland’s security of supply.

Swissgrid and ewz successfully completed a pilot project on coordination between transmission and distribution system operators in collaboration with EQUIGY.

The Board of Directors has appointed Nell Reimann (56) as Head of Business Unit Market and a member of the Executive Board of Swissgrid as of 1st July 2023. She will succeed Maurice Dierick, who has decided to leave Swissgrid as of 30 June 2023.

In a challenging environment, tariffs for grid usage and reactive energy remain stable. Overall, however, the tariffs for the transmission system will increase significantly in 2024.

The sustainability rating agency ISS ESG has awarded Swissgrid «Prime» status for its sustainability performance. In doing so, it confirms Swissgrid’s commitment to placing the emphasis on sustainability in its activities.

The grid connection for the Birr reserve power plant has been ready since 24 February 2023. Swissgrid set up the grid connection in record time. The Federal Council has enacted various measures to increase security of supply in winter. Among other things, it has tasked Swissgrid with establishing the grid connection for the Birr reserve power plant.

Swissgrid is making the necessary technical and operational preparations to operate the Bickigen – Chippis and Bassecourt – Mühleberg lines at 380 kV on a temporary basis in the event of a critical supply situation.

The supply of electricity in the consumer centres in and around Aargau, Zurich and Lucerne is to be improved and ensured in the long term. On 31 August 2022, the Federal Council defined the planning corridor for constructing a new transmission line with a voltage of 380 kilovolts (kV) between Niederwil (AG) and Obfelden (ZH).