Electricity prices: 3,000 hotels and restaurants threatened with closure, GastroSuisse alert

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Electricity price3,000 hotels and restaurants threatened with closure, GastroSuisse alert

Without support from the Confederation, these establishments will not be able to survive the rise in prices, estimates the president of the organization Casimir Platzer.

GastroSuisse President Casimir Platzer is concerned about the consequences of rising electricity prices for hotels, restaurants and cafés.

GastroSuisse President Casimir Platzer is concerned about the consequences of rising electricity prices for hotels, restaurants and cafés.

Beat Mathys

Electricity prices will rise by 200% to 600% in Europe and thousands of establishments are threatened with disappearance according to a press release from the European association of hotels, cafes and restaurants Hotrec, relayed on Saturday by “Schweiz am Wochenende” . The weekly takes stock of Switzerland, where the outlook does not seem more encouraging.

Around 3,000 hotels, restaurants and cafés get their supplies from the free electricity market in Switzerland and are therefore at risk of seeing their bills explode, worries GastroSuisse, which based itself on figures from the independent federal authority for regulation in the field of electricity ElCom. For some companies, prices could be multiplied by ten even though the sector, already weakened by the Covid crisis, does not generate fabulous margins, warns an economist.

It is up to the Confederation to find solutions

Even if electricity represents only 5% of the total costs in the branch, the margins are so low that some companies will not be able to absorb this difference, analyzes the specialist. To this must be added the increase in wages and the price of goods, which are already weighing on the accounts of establishments.

The president of GastroSuisse calls on the Confederation to find solutions. “Otherwise, companies are threatened in their very existence,” he says. He also points out that in the end, customers should also expect to have to spend more.

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(jba)

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