The Federal Act on a Secure Electricity Supply from Renewable Energy Sources was approved by Parliament in autumn 2023. The bill lays the foundations for a rapid expansion of Switzerland's energy production from renewable sources such as hydropower, solar, wind and biomass. This will lessen the country's dependence on energy imports and reduce the risk of critical supply situations. The bill includes funding instruments as well as new regulations for electricity production, transport, storage and consumption. It also introduces a mandatory hydropower reserve. As a referendum has been called, the bill on a secure electricity supply is subject to a popular vote. This will be held on 9 June 2024.
If approved, the Act will come into force on 1 January 2025. A consultation on the implementing ordinances must be conducted before the popular vote. The consultation will run from 21 February to 28 May 2024.