With the reorganization of the Swiss electricity market in 2008 through the Electricity Supply Act (StromVG), electricity generation, trading, distribution and transmission were separated. In 2013, Swissgrid took over the transmission grid in accordance with this act.
Swissgrid’s services are defined in the Swiss Electricity Supply Act and monitored, as well as influenced, by the Swiss Electricity Commission (ElCom). In addition, its financial performance results are extensively regulated.
The Swiss regulatory environment is very stable overall, with a low risk of quick and unexpected regulatory changes. Swissgrid’s activities are protected by a natural monopoly, therefore its strong market position is not threatened by competitive pressures or price- and volume-related risks. Given the nature of the business, revenues are stable and provide highly predictable cash flows.