Governance
Economic performance
Why is this important?
With the company’s purpose, Alpiq is committed to contributing to a better climate and strengthening the security of supply in Switzerland and in the European markets. To this end, Alpiq pursues a sustainable, financially sound and risk-adjusted energy business model. Securing long-term economic success is an essential element of Alpiq’s purpose and business. With economic performance we ensure financial stability and economic value creation for all our stakeholders.
We are committed to participating in the transformation towards a more sustainable future and believe that positive economic performance acts as a lever to accelerate this process. By acting as an attractive und trustworthy partner and employer, we have a positive impact on our own operations and on the satisfaction of all our stakeholders.
What are we doing?
Alpiq thrives for sustainable economic performance along the sustainable development goals. The sustainability goals have been enshrined in Alpiq’s strategy. See also “GRI 2-22: Statement on sustainable development strategy”.
How do we track the effectiveness of our approach?
To measure and evaluate economic performance we issue multiple reports throughout the year. The key developments in the 2022 reporting year can be found in the Alpiq Holding Ltd. Annual Report 2022.
Milestones in 2022
In the 2022 financial year, the Alpiq Group generated net revenues before exceptional items of CHF 14.9 billion (up CHF 7.2 billion on the previous year) and an EBITDA before exceptional items of CHF 473 million (up CHF 161 million). The Swiss power production contributed a stable result despite lower inflows into the reservoirs. International power generation and energy trading surpassed the previous year’s result, benefiting from high market volatility and the rise in energy prices.
Numbers
- 473 – operational adjusted EBITDA (CHF million)
- 24.0 – equity ratio (in %)
- 0.2 – net debt (EBITDA)
“Higher CO2 prices are a blessing for Alpiq. While we do not have to purchase carbon allowances for our hydro and nuclear assets, higher CO2 prices increase the variable costs of gas and coal-fired power plants, which set the prices on the market. This in turn boosts the revenues from our assets.”
Renaud van der Elst, Senior Expert Regulatory, Alpiq Lausanne
Frameworks/guidelines
- International Financial Reporting Standards (IFRS)
GRIs
- GRI 201: Economic performance
Sustainable Development Goals
- SDG 8