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Switzerland and LiechtensteinWT/TPR/S/208 Page 103

2.

Natural gas prices are set directly by local authorities or subject to their approval.  While natural gas prices in Switzerland still exceed those in other OECD countries, the depreciation of the Swiss franc vis-à-vis the euro has narrowed the gap between prices in Switzerland and other European countries (Chart IV.1).18

3.

Natural gas in Liechtenstein is distributed by state-owned Liechtensteinische Gasversorgung (LGV). Under the current regime, LGV owns the pipeline and is the only supplier.  Consumers with annual consumption of more than 10 GWh may receive discounts.  They are also allowed to import directly by paying LGV for the use of the pipeline;  transmission prices are subject to approval by the Energy Commission.  A new Gas Market Law, based on EC Directive 2003/55, will be before Parliament in September 2008.  The proposed law foresees further liberalization of the market for natural gas (production, transmission, and distribution).  Under the new Law, LGV will continue to be state-owned and to own the pipeline.

(iv) Electricity

1.

Total electricity consumption in Switzerland was 57,400 GWh in 2007.19 The majority of generation is hydro-electric from some 350 power plants (55.2%, down from over 60% in 2001) and from five nuclear power plants (40.0%, up from 36% in 2001).  Other sources of energy include fossil-fired, waste, biomass, solar, and wind energy. Imports of electricity amounted to 48,500 GWh in 2007, while exports were 50,600 GWh.  Imports are mainly from French nuclear power plants,

18 International Energy Agency (2007b).

19 Swiss Federal Office for Energy (2008).

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