Home News Energy invoices rip-off – EDP refutes figures and wants a further €950 million

Energy invoices rip-off – EDP refutes figures and wants a further €950 million

Published on 29/09/2017

Highly complex bickering has broken out at in EDP’s executive suite with the energy company’s president refuting each and every calculation that has been used to show he has overseen a €500 million consumer rip-off.

The head of EDP, António Mexia, has criticised the energy regulator’s maths as a “mere theoretical simulation” and that the calculations that show EDP has been gouging customers, “grossly violates the law.”

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