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Free AccessSwitzerland Awards 82GWh of Winter Reserve Capacity
Switzerland has awarded offers totalling 82GWh in the second winter capacity reserve auction that concluded on 15 August according to the BFE.
- A total of €5.6mn will be awarded in the second auction, compared with €3.3mn in the first round.
- The average awarded price stood at €68.2/MWh, up from €53.17/MWh in the first round.
- A total of 93 offers for 443GWh of capacity have been submitted in the second round.
- The government awarded offers totalling 63GWh of capacity in the first winter reserve auction on 25 July.
- The next auction will take place in the coming weeks.
- Switzerland aims to secure 300GWh +/-100GWh of hydropower for the country’s 2024/2025 winter reserve.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.