Meanwhile, Switzerland’s largest utility reported a 2021 EBIT of CHF 395 million.
Turbulence in energy markets last year was a major challenge but also created opportunities, the company said in a statement, saying it expects to report 2022 results in March.
“This, along with system services at higher prices, has resulted trade an extraordinary fourth quarter for BKW,” BKW said.
The company had reduced positions trade At risk of high volatility in early 2022, it added.