EDP must pay €72.9 million to ripped-off customers

, Comments 0 comments

edpEDP has been ordered to pay €72.9 million to electricity customers who have been overcharged since 2012 for payments relating to power plant subsidies.

The credits will appear in 2018 after the Directorate General of Energy and Geology notified EDP’s board to return the money after excessive profits had been made by charging customers the compensation costs for energy supply contracts that had became null when the market was liberalised.



-----------

© algarvedailynews.com

The above content produced by algarvedailynews.com is not intended for commercial use and may not be republished by third parties either wholly or in part unless permission is sought and granted and the source credited.

-------------------

0 Comments To This Article