Developments regarding the Federal Gas Supply Act (GasVG)

The next step is the Federal Council’s submission of the dispatch to parliament. It is planned to publish the Federal Council’s dispatch on the GasVG before summer. OpenEP welcomes a law-based market opening and is keeping an attentive eye on these developments.

Sharp increase in market prices

A sharp increase in market prices was reported during the last third of the fiscal year in particular. With the help of a variety of measures for mitigating risk, OpenEP made it through this period without financial losses.

Success in Germany

OpenEP gained a new client in southern Germany this fiscal year. We are delighted by this geographic expansion.

An addition to the product portfolio

OpenEP.datahub is a tool for custom online reporting, with the first real-world application being its implementation for virtual storage. It gives the customer the current status of their storage at all times, allowing them to adapt management rapidly to market developments.

With the introduction of back-to-back full supply – which is in high demand in liberalised markets – OpenEP once again shows itself to be a service provider with a modern outlook.

The extraordinary market price developments have led energy suppliers to question their procurement strategy. OpenEP was able to support several energy suppliers with strategy consulting and subsequent implementation.

Stable financing secures market position

The financial requirements are subject to considerable volatility in line with market price developments. OpenEP can compensate for these volatilities thanks to its solid financing.

Encouraging business figures

With revenue of CHF 601 million and a profit of CHF 629,467 (EBIT), the fiscal year looks good.

Quality as a key distinguishing feature

Clear structures help make workflows and processes more efficient and customer-friendly. That’s why OpenEP places great value on them. This is apparent in both our positive customer reviews and our ISO 9001 recertification for these processes.

Compliance is of utmost importance

At OpenEP, our employees, Board of Directors and business partners all follow the newly established code of conduct. Breaches can be reported using an external reporting platform and are handled professionally and confidentially. Compliance is covered internally by Corporate Services and supported by a new external partner.

Changes to the Board of Directors

Two new faces are joining the Board of Directors, owing to a retirement and a change in roles. Felix Grolman, Head of Energy at Energie 360° Ltd, is replacing Peter Dietiker, while Walter Krähenbühl is passing the baton to Michael Frick, Head of Market at Technische Betriebe Weinfelden AG.

Our strong OpenEP team

We are proud to be able to rely on such dynamic employees. The team is now strengthened with the newly created position of Corporate Services Manager. The team stands together and offers our customers the best services and products – even throughout the pandemic.

Consistent digitalisation

The consistent digitalisation of all essential company processes implemented in recent years has proven very successful in times of home office and workplace anywhere and is very helpful for all employees.