Lausanne – Alpiq and WWZ have reached an out-of-court settlement for the ongoing legal proceedings. The proceedings concern a long-term electricity supply agreement. The settlement consists of a one-off payment of CHF 50 million by Alpiq and a new electricity supply agreement.
A legal dispute between Alpiq and WWZ had been pending before the Olten Gösgen court of first instance for several years. The dispute was based on the validity and interpretation of a long-term electricity supply agreement. The two companies have now reached an out-of-court settlement. The negotiated settlement provides for a one-off settlement payment of CHF 50 million by Alpiq and a new agreement whereby WWZ undertakes to purchase electricity on a long-term basis. The new supply agreement enables Alpiq to optimise its planning and reduce its market risks.