Electricity 8% hike called unjustified, current prices frozen

14th June 2010, Comments 0 comments

Bern, Switzerland GenevaLunch - Switzerland’s independent electricity authority, the EICom, said Monday 14 June that an 8 percent price hike announced by Swissgrid in May is unjustified. The rates hike is for 2011 and would have a direct impact on consumer prices, EICom notes. EICom has told Swissgrid that the new rates cannot be implemented for now, ...

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