edp announcement

EDP sells EUR 48 million of tariff deficit in Portugal

Tuesday, 13 December 2016

EDP Serviço Universal, S.A. agreed today the sale of EUR 48 million of the 2015 tariff deficit related with special regime generation.

Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") provides the following information to the market and general public:


EDP Serviço Universal, S.A. ("EDP SU"), the last resort supplier of the Portuguese electricity system, 100% owned by EDP Group, agreed today the sale of EUR 48 million  of the 2015 tariff deficit related with special regime generation.


This tariff deficit resulted from the 5-year deferral of the recovery of the 2015 overcost with the acquisition of energy from special regime generation (including adjustments for 2013 and 2014).

 

EDP – Energias de Portugal, S.A.