EDP Sells Portuguese Tariff Deficit for €0.3 Billion
Monday28, December 2020

Lisbon, December 28th, 2020: Pursuant to the terms and for the purposes of articles 17 and 248-A of the Portuguese Securities Code and of the CMVM Regulation no. 5/2008, EDP - Energias de Portugal, S.A. (EDP) is providing the following information to the market:


SU Eletricidade, S.A. ('SU'), the last resort supplier of the Portuguese electricity system, 100% owned by EDP, agreed, through five individual transactions, the non-recourse sale of 15.5% of the 2021 tariff deficit, related with special regime generation, for a total amount of €271 million.


This tariff deficit results from the 5-year deferral of the recovery of the 2021 overcost with the acquisition of energy from special regime generation (including adjustments for 2019 and 2020).


EDP - Energias de Portugal, S.A.

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EDP - Energias de Portugal SA published this content on 28 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2020 18:50:04 UTC