EDP - Energias de Portugal, S.A. informs: EDP sells 562 million of Portuguese tariff deficit
January 25, 2022 at 01:47 pm EST
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Reuters: EDP.LS
Bloomberg: EDP PL
EDP SELLS €562 MILLION OF PORTUGUESE TARIFF DEFICIT
Lisbon, January 25th, 2022: 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 four individual transactions, the non-recourse sale of 32.1% of the 2021 tariff deficit, related with special regime generation, for a total amount of €562 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.
Investor Relations
Department
tel. +351 21 001 2834 ir@edp.com
EDP - Energias de Portugal, S.A. Sociedade Aberta Sede: Av. 24 de Julho, 12 1249-300 Lisboa Portugal
NIPC e Matrícula CRC Lisboa 500697256 Capital Social: € 3 965 681 012
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EDP - Energias de Portugal SA published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 18:46:03 UTC.
EDP - Energias de Portugal, S.A. is one of the leading producers and distributors in Portugal. The activity is organized around 4 sectors:
- production, sales and distribution of electricity: hydroelectric, thermoelectric, wind, co-generated, and biomass-based;
- supply of energy services: primarily engineering and consulting services for the construction and installation of thermoelectric and hydroelectric units;
- sales and distribution of gas (No. 2 in Portugal);
- other: steam production, supply of computer services, etc.
Net sales are distributed geographically as follows: Portugal
EDP - ENERGIAS DE PORTUGAL, S.A. 
