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Four billion francs for emergencies: Last fall, the Federal Council decided by emergency law to set up a rescue package for the energy company Axpo. Due to the war in Ukraine and the closure of nuclear power stations in France, a state of emergency was currently in effect on the international electricity market. Companies had to pay extremely high deposits to buy electricity. The federal government wanted to use the money to ensure that no power outages would occur.
Times have changed now. The federal government canceled the rescue package on December 1, as announced Monday morning.
Axpo himself asked him to do this. The energy department (UVEK) announced on Monday that the company had announced that it was no longer dependent on the credit line. Since the decree was issued, the key factors have changed significantly. The electricity company is now considerably less sensitive to unexpected and difficult to predict market fluctuations.
Axpo never used the credit line. (lha/SDA)
Update to follow…
Source:Blick
I am Liam Livingstone and I work in a news website. My main job is to write articles for the 24 Instant News. My specialty is covering politics and current affairs, which I’m passionate about. I have worked in this field for more than 5 years now and it’s been an amazing journey. With each passing day, my knowledge increases as well as my experience of the world we live in today.
