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Consumers forced to pay extra €23bn for electricity - former official

by TPN/Lusa, in News · 12-09-2018 08:23:00 · 0 Comments

Electricity consumers in Portugal have already shelled out more than €23 billion extra as a result of payments legally due to generating companies under agreements signed by past governments, a former president of the country's competition authority estimated on Tuesday, as he made a ringing appeal to parliament to reduce "this burden".

Consumers forced to pay extra €23bn for electricity - former official

 

Abel Mateus was testifying to a parliamentary committee of inquiry on "excessive rents" in the energy sector. At the end of his initial statement, he argued for the need to reduce the degree to which the public subsidises generators.

 

"In the electricity sector consumers already bear a surcharge of around twenty three billion euros," he said.

 

That is on top of the €25 billion that taxpayers "have already been called on to contribute" to bolster the country's banks in the wake of the global financial crash and euro crisis that followed.

 

"The reduction of this burden [of payments to electricity companies] is the challenge that faces this parliament," he said

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Edition 1500
10 November 2018
Edition: 1500

Read this week's issue online exactly as it appears in print.

Twitter

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