Due to the unprecedented turmoil on the European energy markets and the unpredictable further developments, the Swiss government, at Axpo's request, granted a credit line of up to CHF 4 billion at the beginning of September. The credit line is subordinated to existing financings and does not require any security. It ensures that, should the situation intensify further, Axpo is in a position to cover the collateral requirements of long-term power supply contracts concluded with its customers, and continue contributing to Switzerland’s security of energy supply. Axpo has not made any drawdowns to date.
On this page you will find interviews and background information on the credit line and the mechanisms in energy trading.