Excessive support payments to the electricity sector amount to €3.4 billion, according to the preliminary report of a parliamentary commission of inquiry.
Of this total, €2.4 billion has been shelled out by consumers to the former state-owned company, EDP.
The preliminary report, drafted by Left Bloc MP, Jorge Costa, will be debated in parliament this week with MPs already aware that EDP received 71% of the total support payment system.
Among the extras collected by EDP, led by António Mexia, is the extension of the concession to use dams, valued at €573 million, plus another €581 million as a straight bung to ease the path to privatisation.
The extension of the Sines power station concession to 2025, noted by the report as ‘an excessive benefit,’ was valued at €951 million.
In addition to EDP, REN and Tejo Energia also are mentioned in the report which will lead to robust debate by MPs.
Comments
Ed, I thought you were refrerring to my electricity bill last month.