6 Energy procurement

The increase in energy procurement is connected with increases in trading volumes and prices (see Note 1).

Energy procurement consists on a net basis of CHF 4,737 thousand in income from a change in the provision for long-term contracts (prior year: expense of CHF 23,901 thousand); of this amount income of CHF 5,026 thousand (prior year: expense of CHF 20,779 thousand) falls to the Market Switzerland segment and expense of CHF 289 thousand (prior year: expense of CHF 3,122 thousand) falls to the Market Italy segment (see Note 27).