Energy prices in Switzerland set to fall in 2026

The cost of energy in Switzerland is expected to fall in 2026, a survey from the Association of Swiss Electricity Companies (VSE) has revealed. It comes as Europe finally recovers from the energy shock caused by the Russian invasion of Ukraine.

Switzerland cuts electricity costs

Based on their findings, the VSE predicted that the cost of electricity for homes and businesses across Switzerland will drop when official tariffs for 2026 are announced. Of the 318 Swiss electricity companies contacted, a significant number confirmed that they would be cutting their rates next year.

Though many would not disclose whether prices would fall or not, 25 companies reported that their tariffs would drop by between 3 and 4 percent. A further 43 confirmed that prices would drop but refused to say by how much.

Swiss households benefit from stable prices across Europe

The VSE explained that the lower tariffs are due to lower costs across the European energy market. This is also the view of the Swiss government, with Federal Electricity Commission (ElCom) Managing Director Urs Meister confirming to Watson that there “are signs of declining prices.”

The news reflects the fact that Europe has finally felt the final shockwaves of the energy crisis caused by the Russian invasion of Ukraine in February 2022. Following the invasion, European countries rushed to wean themselves off of Russian energy supplies, which in turn led to inflation, fears of energy shortages and soaring prices in 2022 and 2023.

With European nations now independent of Russian oil and gas, and supplies of renewable energy on the rise, costs on the continent have finally started to fall. However, the VSE concluded that while energy prices will be far lower during the peak of the crisis in 2023, they will still be higher than rates seen before February 2022. ElCom will officially release the new tariffs in September 2025.