Government to hit EDP with €500 million compensation claim

The government is working to recover some of the money paid to EDP over the last 10 years in the complex ‘Costs for the Maintenance of Contractual Equilibrium’ scheme.

The accounts are not yet complete, but the numbers point to a credit of around €500 million with the government now waiting for a report from the Energy Regulator which is analysing the ‘excessive income’ that EDP has managed to accrue by stiffing its own customers.

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