Economiesuisse: Switzerland faces CHF4bn bill to avert power shortages

Preventing electricity shortages over the next two decades will cost Swiss consumers about CHF4 billion ($4.9 billion), according to an estimate by business federation economiesuisse cited by NZZ am Sonntag. Electricity reserves cost Swiss consumers CHF4 billion, according to figures from economiesuisse, reported in the NZZ am Sonntag. The group argues the expense is justified, warning that power shortages would inflict far greater economic damage. It attributes the high costs largely to…