Switzerland Power Market Size and Trends by Installed Capacity, Generation, Transmission, Distribution, and Technology, Regulations, Key Players and Forecast, 2021-2030
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This report elaborates Switzerland’s power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Swiss power market’s regulatory structure import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Switzerland on broad parameters of macroeconomics, supply security, generation infrastructure, transmission infrastructure, degree of competition, regulatory scenario, and future potential. An analysis of the deals market scenario in the country’s power sector is also included in the report.
Switzerland power market overview
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Hydropower will continue to lead annual generation in Switzerland till 2030
Hydropower held a share of more than 55% in Switzerland’s total generation in 2020. Although this share is expected to decline by 2030, hydropower will continue to hold the dominant share in the country’s generation mix. Switzerland is endowed with extraordinary conditions for hydropower exploitation. The country has abundant precipitation and retention through glaciers and lakes which had help the country to rapidly develop the hydropower market. The Swiss Government’s proposed Energy Strategy 2050 places emphasis on the development of hydropower plants, as nuclear energy will gradually be phased out in 2030s. However, Switzerland has already exploited most of its hydropower resources, meaning the expansion of existing power stations is the most viable future option. Existing hydropower plants are also being renovated to address ecological requirements. Pumped storage plants in the country act more as a source of reserve energy and are used primarily to cover peak demand situations. This is an attractive option for the country’s power producers, as pumped storage plants can be used to meet electricity demand in times of intermittent wind power supply.
How is Switzerland’s power market structured?
The Swiss Federal Office of Energy (SFOE) is responsible for ensuring a secure and efficient power supply, promoting renewables, and reducing carbon dioxide emissions, as well as energy conservation and sustainable energy development in Switzerland. SFOE functions under the Federal Department of Environment, Transport, Energy and Communications. The Swiss Federal Electricity Commission (ElCom) is the regulatory authority of the electricity sector, which it monitors in compliance with the Swiss Federal Electricity Act and the Swiss Federal Energy Act. It also monitors electricity prices, rules as a judicial authority on disputes over network access. It is also responsible for issues relating to international electricity transmission and trading.
Who are the key players in Switzerland’s power market?
The power generation segment is dominated by Axpo Holding AG, followed by Alpiq Holding AG, BKW AG, and Kernkraftwerk Gosgen-Daniken AG. With the liberalization of the electricity market in Switzerland, restructuring was also introduced in the electricity transmission segment. In 2005, it was decided that a neutral body should be responsible for the transmission system, and the Competition Commission approved the merger of seven electricity companies into one single authority: Swissgrid. In December 2006, Swissgrid commenced operations as a public limited company, responsible for the transmission system in Switzerland. There are around 700 Distribution System Operators (DSO) in Switzerland. These are generally electricity supply companies, tasked with ensuring a reliable power supply to their end-consumers. These DSOs include EBM Netz, Axpo, Regio Energie Solothurn, InfraWerkeMünsingen and EWZ, among others.
Switzerland power market, by key players
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Where are the opportunities in Switzerland’s d power market?
There are substantial investment and growth opportunities in Switzerland’s power sector. With the government planning to phase out nuclear power in 2030s, the renewable power sector in the country is set to grow significantly in the coming years. This will present opportunities for domestic and international renewable sector companies to set up their base in the country. Rapid deployment of renewable power sources will also lead to a rise in demand for energy storage devices.
What are the challenges faced by Switzerland’s power market?
High dependence on hydropower for power generation is one of the major challenges hampering the growth of the power sector in Switzerland. The country is heavily dependent on hydropower for meeting its power needs. Hydropower accounted for a share of more than 55% in the generation mix in 2020. High dependence on a single source for power generation can hamper the country’s energy security. The country may look to expand its renewable power capacity, particularly solar PV, and wind power capacity in coming years.
How has COVID-19 affected Switzerland’s power market?
Switzerland was significantly affected due to the COVID-19 pandemic in 2020. To curb the spread of COVID-19, the Swiss Government imposed strict movement and travel restrictions in the country. Majority of the sectors in the country were affected due to these lockdowns; however, tourism and hospitality sector was the most badly affected.
With respect to power sector, the electricity consumption in the country declined by more than 2% in 2020 as compared to 2019. Electricity demand from industrial and commercial sectors declined significantly due to movement and travel restrictions. The commissioning of several renewable projects in the country was delayed due to social distancing measures and supply chain disruptions. In March 2020, Pronovo AG, a subsidiary of Swissgrid responsible for promoting solar PV on a federal level, received several applications from project developers regarding delays in solar PV project commissioning.
Market report scope
Cumulative power capacity (Year – 2020) | 22.52 GW |
Base year for estimation | 2020 |
Market overview by | Capacity & generation, and transmission & distribution |
Forecast period | 2021–2030 |
Key companies | Axpo Holding AG, BKW AG, Alpiq Holding AG, and Kernkraftwerk Gosgen-Daniken AG
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This report provides a comprehensive analysis of the power market in Switzerland and contains the following sections;
- The executive summary captures the key trends in the country’s power market.
- The “Switzerland Power Market, Snapshot” section provides a snapshot of the key parameters that affect the country’s power sector, as well as key points about the country’s power market including opportunities, challenges, and the impact of COVID-19.
- The “Switzerland Power Market, Market Analysis” section provides the market structure, generation market share, deals, and demand structure.
- The “Switzerland Power Market, Regulatory Scenario” section details the regulations and policies in the country’s power sector.
- The “Switzerland Power Market, Capacity and Generation” section provides information on cumulative installed capacity and annual generation trends, by individual generation source.
- The “Switzerland Power Market, Transmission and Distribution Overview” section discusses the power T&D infrastructure, electricity import and export, grid interconnections, and electricity trading.
- The “Switzerland Power Market, Major Generating Companies” section discusses the major electricity generating companies in the country.
Reasons to Buy
- Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the country’s power sector
- Identify key factors driving investment opportunities in the country’s power sector
- Facilitate decision-making based on strong historic and forecast data
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the industry’s growth potential
- Identify key partners and business development avenues
- Identify key strengths and weaknesses of important market participants
- Respond to your competitors’ business structure, strategy, and prospects
Table of Contents
Table
Figures
Frequently asked questions
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What is Switzerland’s total cumulative power capacity?
Switzerland’s total cumulative power capacity in 2020 was 22.52 GW.
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Who are the major power generation companies in Switzerland’s power market?
The power generation segment in Switzerland is dominated by Axpo Holding AG, BKW AG, Alpiq Holding AG, and Kernkraftwerk Gosgen-Daniken AG.
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What is the leading source of power capacity in Switzerland?
Hydropower, including large conventional hydro, pumped storage, and small hydro, was the dominant source of power in 2020, accounting for more than 65% of total installed capacity.
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Who regulated Switzerland’s energy policy?
The Swiss Federal Office of Energy (SFOE) is responsible for ensuring a secure and efficient power supply, promoting renewables, and reducing carbon dioxide emissions, as well as energy conservation and sustainable energy development in Switzerland.
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What is the annual power consumption in Switzerland?
Power consumption increased from 52.4 TWh in 2000 to 55.7 TWh in 2020, growing at a CAGR of 0.3%.
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What sector is the leading driver of Switzerland’s power consumption?
In 2020, the residential sector had the dominant share in power consumption accounting for more than 30%.
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Who owns and operates Switzerland’s transmission network?
Swissgrid owns and operates Switzerland’s high-voltage electricity transmission grid. As the system operator, Swissgrid also monitors the interconnected networks, manages grid emergencies, and ensures that reliability, voltage, and frequency targets are met.
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