EKZ achieves good operating results with stable sales
The electricity works of the canton of Zurich (EKZ) achieved an operating result of 61.3 million francs in the 2019/20 financial year. With the expansion of the production of renewable energy, wind power in particular showed a positive development.
EKZ draws a positive balance for the 2019/20 financial year with stable sales, expansion of the production of renewable energy, especially in wind power, and an operating result that has enabled a profit distribution of CHF 41.3 million to the canton and municipalities for the first time. According to the press release, the operating result (EBIT) was CHF 61.3 million and the company's result, i.e. total income minus total expenses, was CHF 88.2 million.
EKZ's electricity sales remained stable in the first half of 2020 despite the lockdown. The lower sales among traders and the closure of shopping centers have been compensated for by shifting to higher sales in home offices. The EKZ supplies around 315,000 households and businesses with renewable energy.
The production capacities from renewable energy were expanded. The EKZ in Switzerland relies on the expansion of solar energy and domestic hydropower. The Dietikon river power plant was put back into operation. In Spain and Portugal the investment focus was on solar energy, in France and Germany on electricity production from wind power. With above-average wind conditions, 496 gigawatt hours of electricity were generated from wind energy, reports the EKZ.
Other focal points of the shopping center were charging solutions for tenants, apartment or house owners as well as the prosumer area. These are electricity consumers who are producers themselves at the same time as their own solar systems.
EKZ has been involved inPrimeo Energie AG since January 1st to work together in energy sales for energy supply companies and business customers.