Annual Report of 
Alpiq Holding Ltd.

«We were able to make a significant contribution to ensuring the security of Switzerland’s electricity supply.»

Johannes Teyssen Chairman

Key Figures 2022

Operational EBITDA

in CHF million


Equity ratio

in %


Net Debt / EBITDA



in GWh




Power Production by technology


Plana del Vent successfully back in operation

In Spain, Alpiq successfully recommissioned the Plana del Vent gas-fired combined cycle power plant in mid-January 2022 after around two years of extensive repair and maintenance work.


Greater room for manoeuvre

Due to the extreme price increases on the energy markets, the shareholders of Alpiq provide temporary liquidity of up to CHF 300 million in order to keep the company’s room for manoeuvre at an appropriate level.


High-alpine PV installation for more winter electricity

A photovoltaic installation with an annual production of 23.3 million kWh is planned in Gondo at over 2,000 metres above sea level. 


Sharp increase in electricity prices

The war in Ukraine and the repercussions have pushed energy prices in Europe through the roof.


Bailout scheme for security of supply

The situation at the beginning of the year prompted the authorities to take action. In April, the federal government presents an urgent bill to ensure Switzerland’s security of supply. Photo: Parlamentsdienste 3003 Bern / Goran Basic


Nant de Drance put into operation

The Nant de Drance pumped storage power plant is commissioned on 1 July 2022. The six pump turbines combined produce an output of 900 MW. Photo: Nant de Drance / Sébastien Moret


Record-high energy prices

Several geopolitical events combined with extreme climatic conditions cause energy prices to rise to all-time highs in summer 2022. 


Employees visit Nant de Drance

Roughly 700 Alpiq employees visit the monumental construction after the power plant’s official inauguration celebrations. 


Bailout scheme initiated

The Federal Council initiates the bailout scheme for energy companies at the request of Axpo. Photo: Parlamentdienste 3003 Bern / Béatrice Devènes


Federal government sets the course for more rapid expansion

Energy policy is the focus of the autumn session 2022. Parliament is demanding a faster pace in the expansion of renewable energy in Switzerland. 


#prixalpiq 2022 rewards projects

At the second edition of the #prixalpiq award, prizes go to the municipalities of Visp, Naters, Brig and Lalden as well as to the municipality of Ayent in Valais.


Hydropower reserve: Win for Alpiq 

ElCom releases results of the auction for the hydropower reserve for winter 2022/2023. Alpiq wins the contract for all its bids.