Tiwag is investing 2.4 billion euros for Tyrol's energy future!

Tiwag is investing 2.4 billion euros for Tyrol's energy future!

Tiwag, Tyrol's leading energy supply company, is facing a decisive realignment that involves significant investments. As part of a comprehensive investment package, the company plans to further develop the energy supply in Tyrol. This is welcomed by the Tyrol Industrial Association as an important signal for the entire region.

The company reported impressive figures for the 2024 financial year: EBIT of 346.8 million euros and sales of 1.978 billion euros. The additional income comes primarily from the wholesale business, which strengthens the financial basis for future investments. Tiwag has earmarked a record investment budget of 520 million euros for 2025.

Long-term investment plans

Tiwag's total long-term investments until 2029 amount to 2.4 billion euros. This extensive budget will be invested in key projects such as the expansion of power plants, improving networks, district heating, e-mobility and photovoltaics. The aim is to make Tyrol more independent of international energy markets and at the same time to take measures to prevent blackouts.

Eduard Wallnöfer, Chairman of the Supervisory Board of Tiwag, emphasizes the central role of these investments in creating added value and jobs in the region. Max Kloger, President of IV Tirol, sees the investment package as crucial for the competitiveness of industry in Tyrol and securing jobs.

Electricity prices and tax expenses

What is particularly noteworthy is that Tiwag offers the cheapest electricity prices of all state energy suppliers. The electricity price is currently 9.8 cents per kWh net, which is 32% cheaper than that of the major competitors. This pricing policy stands out clearly and protects households in Tyrol. In comparison, consumers in Bavaria pay an average of up to 124 euros more per year, while electricity prices in South Tyrol are up to a third higher.

Tiwag's tax expense is 83 million euros, while a dividend of 110 million euros will be distributed to the owners. This dividend also results from the investment in Verbund AG and shows the company's solid financial position.

A change in the board took place on April 1, 2025. Michael Kraxner takes over as chairman, supported by Thomas Gasser in sales and Alexander Speckle in construction. Erich Entstrasser is stepping down as CEO after ten years, which represents a significant change in company management. In addition, the mandates of the supervisory boards were extended in order to further support Tiwag's strategic course.

Tiwag's initiative to invest in energy infrastructure shows great potential for Tyrol's economic development and places a strong emphasis on sustainability and independence in the energy sector. Progress in electricity supply could therefore make a significant contribution to the well-being of the region.