Market Surveillance
ElCom’s surveillance activities include monitoring the electricity wholesale market. Greater transparency on the wholesale electricity markets reduces the risk of market distortions and price signal disruptions and ensures that end users pay a fair price for electricity. The wholesale markets generate major price signals which not only influence the choice of suppliers and consumers, but also decisions on investment in production plants and transmission network infrastructure.
In relation to price developments on the Swiss and neighbouring markets, ElCom publishes a weekly market report.
Market Reports
The market reports present the developments in the wholesale electricity market and related markets in Switzerland and neighboring countries. They cover developments in the forward markets, including commodities such as gas, coal, and CO2 certificates, as well as short-term developments and their drivers in the spot market. This also includes production data, load data, and foreign trade. In addition, data relevant to security of supply, such as storage levels and power plant availabilities, are presented, as well as data relevant to the control area, including system services and imbalances. The market report replaces the previously published spot and forward market reports. Their past editions remain available below.
Market transparency and integrity
In the EU, the relevant authority monitors energy wholesale trading based on Regulation (EU) No 1227/2011 on wholesale energy market integrity and transparency (REMIT) and its revised version, Regulation (EU) No 2024/1106 (REMIT 2). REMIT 2 aims to promote open and fair competition on the European energy wholesale markets by prohibiting insider trading and market manipulation.
Liquidity monitoring
In response to the crisis in the gas supply sector and resultant price increases on the gas and electricity markets, which also presented major challenges for Swiss energy providers, the Federal Act on Subsidiary Financial Aid to support Systemically Critical Companies in the Electricity Industry (FiRECA) was established to ensure security of electricity supply in Switzerland, even in the event of unforeseeable developments. The support is provided in the form of loans to ensure liquidity. Systemically critical companies must provide ElCom with the information and documents required to comply with FiRECA. ElCom produces a monthly supervisory report on these matters.
Registration
Companies whose registered office or place of domicile is in Switzerland and which participate on an electricity wholesale market in the EU must provide information to the authorities of the EU or its member states in accordance with the REMIT 2 Regulation. Based on Art. 26abis ESO of 14 March 2008 (SR 734.71) companies are obliged to also submit the same information to ElCom at the same time and in the same format.