Swiss energy provider profits harmed by nuclear plant shutdowns

Profits at Swiss energy provider Axpo slumped due to unplanned shutdowns at two nuclear power plants. +Get the most important news from Switzerland in your inbox Despite this, Switzerland's largest energy company is reporting a good result. Total operating performance fell by 3.1% to CHF7.4 billion in the 2024/25 financial year to the end of September. Electricity production fell by around 10% to 32.4 terawatt hours. + Could Switzerland build new nuclear power plants? This was mainly due to planned and unplanned interruptions at the Beznau and Gösgen nuclear power plants as well as a weather-related decline in electricity production from hydropower. Axpo supplied around 40% of the electricity consumed in Switzerland. Negative impact The operating result slumped due to negative effect from shifts in earnings and the development of funds for the decommissioning and disposal of nuclear power plants. EBIT fell by 32% to CHF1.19 billion. The bottom line profit totalled CHF879 million ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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