The mean Feed-In Tariff for geothermal energy in Switzerland is observed to be on a steady upward trajectory. Starting from a base value of $0.37 in 2023, there is a consistent annual increase observed in the forecasted data. The tariff moves from $0.4 in 2024 to $0.44 in 2028. This represents an annual year-on-year increase of approximately 2.5% over the five-year period from 2024 to 2028.
The specific annual variations are as follows:
- 2024: 8.1% increase
- 2025: 2.5% increase
- 2026: 2.4% increase
- 2027: 2.4% increase
- 2028: 2.3% increase
It's essential to observe that the average yearly growth (CAGR) over the five-year period stands at around 2.35%, reflecting a stable but gradual increase in feed-in tariffs.
Future Trends to Watch: Future trends in the sector to monitor include potential technological advancements in geothermal extraction methods, possible policy changes favoring renewable energy, and economic factors that may affect both production costs and tariff pricing. Also, tracking the overall renewable energy market in Switzerland will be crucial as it may impact the feed-in tariffs and associated investments in geothermal energy.
