The war in Iran and the blocking of the Strait of Hormuz pose a risk to the security of Switzerland’s electricity supply over the winter. +Get the most important news from Switzerland in your inbox The trend in electricity and gas prices is also uncertain, warned the Swiss Federal Electricity Commission (ElCom). Gas-fired power stations play an important role in ensuring security of supply in Europe, ElCom stated. + Where Switzerland gets its oil and gas But gas storage levels in Europe are currently relatively low. And the war in Iran casts doubt on the extent to which stocks will be replenished between now and the start of winter. However, market prices are currently well below those seen during the 2021/2022 crisis years. ElCom explained that this is due to two factors in particular. + Why Switzerland’s fuel stockpiles are for Swiss use only Liquefied natural gas terminal capacity is larger in Europe, which has greater flexibility when it comes to importing gas. In addition, the …