Connect with us
Finance Digest is a leading online platform for finance and business news, providing insights on banking, finance, technology, investing,trading, insurance, fintech, and more. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.


ZURICH (Reuters) -Switzerland could resort to rolling four-hour regional blackouts should Europe’s energy crisis lead to winter power shortages, a senior utility sector official said on Wednesday.

The country is bracing for shortages of power and gas due to the war in Ukraine, possible interruptions in gas supplies, and the situation at nuclear power plants in France, although energy supplies were secure for now, officials said.

Michael Frank, director of the VSE association of Swiss electricity companies, said Switzerland planned to phase in increasingly strict measures to conserve power if needed.

First the government would request voluntary conservation steps — a public awareness campaign was coming next month — then it could curb non-essential uses like illuminating shop windows, using mobile heaters, or lighting at night, he told a government news briefing in Bern.

Next it could order around 30,000 companies to save up to 30% of power usage in an extreme scenario. He estimated those first three phases could cut power demand by 25-30%.

As a last resort Bern could shut parts of the power network.

“You have to imagine this as a puzzle. Individual segments would be removed for four hours, then turned back on while others are removed. Some parts of the network — the pieces of the puzzle — would have no power for four hours, then have power again for four or eight hours again depending on the situation,” he said.

Switzerland chose a rationing approach because it wants to avoid going directly to complete network shutdowns, as France envisions, he added.

All eyes were on whether Russian gas would keep flowing to western Europe, from where Switzerland gets its supplies, especially after maintenance work on the Nord Stream 1 pipeline scheduled until Thursday.

(Reporting by Michael Shields, editing by Silke Koltrowitz)

Continue Reading

Why pay for news and opinions when you can get them for free?

       Subscribe for free now!

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Posts