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ENERGY

Which Swiss cantons will see the biggest hikes in electricity bills?

Consumers in Switzerland already know that electricity prices will increase from January 2023 and new info has revealed where in the country energy costs will rise the most and by how much.

Which Swiss cantons will see the biggest hikes in electricity bills?
The lightbulb moment: putting on light will cost you more in 2023. Photo by Rodion Kutsaev on Unsplash

Due to the ongoing war in Ukraine, a predicted gas shortage, and inflation, electricity prices are expected to leap more or less substantially in Switzerland over the coming months — ranging from 20 percent for some households to over 60 percent for others.

Price disparities among the nearly 600 Swiss electricity suppliers are significant, so the amount of the increase will depend not only on your place of residence and the size of your dwelling, but also on the production capacity of the local electricity provider.

According to a report by RTS public broadcaster, “some own many power stations and produce the electricity they sell themselves. They are therefore much less dependent on the European market. Conversely, those who produce no kilowatt-hours are now bearing the full brunt of the energy crisis”.

READ MORE: Switzerland faces 20 percent increase in electricity costs

These are the expected hikes in various Swiss regions:

Vaud, Lausanne, Geneva

“Amid the surge in electricity prices, Romande Energie has had no choice but to raise its regulated electricity tariffs effective 1 January 2023”, the company, which supplies power to parts of western Switzerland, said in a press release on Wednesday, calling the increases “historical”.

The company goes to say that tariffs for 2023 “will increase by between 49 percent for the vast majority of our household customers, and 61 percent for customers with specific modes of consumption” — meaning those who use a lot of energy.

This appears to be one of the biggest increases in Switzerland.

This link provides more information about the expected hikes based on your residence in Vaud.

Electrical bills will go up in other parts of the French-speaking Switzerland as well, though to a lesser degree — in Geneva, prices will go up by 22 percent on average for customers of Geneva Industrial Services (SIG), and in Lausanne, Lausanne Industrial Services will raise them by 26 percent over the current rates.

Basel, Zug, Zurich

Clients of the Basel-based energy supply company Primeo Energie will have to pay much more for electricity in the coming year — between 42 and 46 percent, making the canton the second, after Vaud, in terms of energy costs, according to Watson news portal.

The Zug energy provider WWZ will charge nearly 39 percent more, while EKZ in Zurich will raise its rates by ‘only’ 26 percent — a relatively low increase, considering that Zurich is Switzerland’s most expensive city.

If you want to know what you can expect for next year, contact your local power company and ask for the 2023 tariffs for your area.

And this link shows you electricity prices throughout Switzerland.

Can you change your electricity supplier?

You can only change supplier if you move to another area serviced by another provider.

If you remain where you are, then you are stuck with the same company.

READ MORE: How energy shortages could hit daily life in Switzerland

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COST OF LIVING

The Swiss websites that can help you save money

You may think that ‘lower prices’ and ‘Switzerland’ should never be mentioned in the same sentence. But online resources can actually help you save on some purchases.

The Swiss websites that can help you save money

True, getting ‘cheap’ stuff in one of the world’s most expensive countries is not a given. But it is not impossible either.

Depending on what you are looking to purchase, certain sites will either compare prices of goods available at various retailers, or show you where best deals are at the moment.

Let’s start with the most ‘essential’ purchase of all: food

There are no sites as such to tell you the current prices at all Swiss supermarkets, but you can do your research fairly easily.

Just look at websites of al major supermarkets — Migros, Coop, Aldi, Lidl, and Denner — and see which products are discounted on any given day or week.

The same applies to the two chains known to be on the more expensive side — Coop and Migros.

Their respective ‘budget’ lines, PrixGarantie and MBudget, are cheaper than their ‘regular’ assortment. 

And keep in mind too that sometimes best deals can be found in smaller grocery shops.

READ ALSO: Why it might be cheaper to avoid the big supermarkets in Switzerland 

Appliances, electronics, and sports equipment

To find the lowest prices in this category, two websites will be helpful: Preisergleich.ch and Toppreise.ch

According to Moneyland consumer platform, these two sites “compare the going prices at many major Swiss retailers. Comparisons primarily include online retailers, and retailers which have both online and offline stores.”

Insurance

Before you take out any policy, whether the obligatory health (KVG / LaMal) or car insurance, or supplemental plans, you can compare their prices versus what coverage they offer.

Though the cost the basic KVG / LaMal is the same for everyone in your canton, (based on your age and co-pay deductible you choose), complimentary policies are priced differently, depending on what services they cover.

You can compare them on Bonus.ch, or FinanceScout24

Internet and mobile plans

You can compare Internet plans which are available at your exact address, and the Internet speeds you can actually get, as well as mobile plans on Bonus.ch  and Dschungelkompass.ch

Hotels

If you are going on holiday or just away for a weekend, the price of a hotel room in Switzerland, especially in popular tourist destinations, can cost quite a lot.

While you may not necessarily find a really cheap room in a decent hotel (or location), these sites will let you see what’s available, where, and at what price:

Switzerland Tourism 
Ebookers.ch 

Overall, there are two Swiss sites that offer price comparison on almost all services in Switzerland.

They are Comparis and Moneyland.

And also…

If you sign up at rabattcorner.ch, you will get discounts thanks to cashback and vouchers in more than 798 online stores, including Manor and MediaMarkt. You can also benefit from travel discount on SWISS airline, and other travel, leisure, and gastronomy options.

READ ALSO: Six essential tips that will save you money in Switzerland

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