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Electricity Prices in Switzerland are low

A comparison of electricity prices in Switzerland with those in neighbouring countries shows that electricity has been cheap in Switzerland for years. A comparison with the cost of other energy forms such as gas or oil also confirms that electricity is cost effective. More than 90 percent of electricity production in Switzerland is based on hydroelectricity and nuclear power, so that price fluctuations on the gas and oil markets have a limited impact on electricity prices. Furthermore, Swiss electricity production is virtually CO2-free, so that the price of CO2 certificates has hardly any impact on electricity prices in Switzerland.

Although nuclear power plants do use fuel, the price of which is determined by market forces, the cost of uranium makes up only a small proportion of the electricity production costs of nuclear power, and therefore only has a minor impact on the price of electricity. In addition, uranium for electricity production can be stored in Switzerland for many years. This situation results in low, stable electricity prices.

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News

Profit falls significantly– Axpo restructures to improve performance and is planning investments of more than CHF 20 billion to ensure security of supply

January 23, 2012

Axpo Group profits are down substantially for the 2010/11 financial year (as per 30.9.2011). Operating profit (EBIT) of CHF 139 million and consolidated net profit of CHF 45 million were significantly below the figures for the previous year of CHF 538 million and CHF 409 million respectively.

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Axpo to forgo uranium from Mayak until the necessary transparency is established

November 12, 2011

Axpo has negotiated with its supplier Areva to enable the exclusion of uranium from the Mayak plant until the necessary transparency is established.

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Beznau nuclear power plant will implement the ENSI requirements

May 5, 2011

The Beznau nuclear power plant (KKB) intends to meet the requirements of the Federal Nuclear Safety Inspectorate (ENSI), drawn up following the accident at Japan's Fukushima nuclear power plant, within the defined deadline.

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