The Portuguese Government announced yesterday the draft state budget for 2014 proposing the creation of an extraordinary contribution applicable to economic operators in the energy sector that develop the following activities: i) generation, transmission or distribution of electricity; ii) transport, distribution, storage or wholesale supply of natural gas; iii) refining, treatment, storage, transportation, distribution and wholesale supply of crude oil and oil products.

The Portuguese Government announced yesterday the draft state budget for 2014 proposing the creation of an extraordinary contribution applicable to economic operators in the energy sector that develop the following activities: i) generation, transmission or distribution of electricity; ii) transport, distribution, storage or wholesale supply of natural gas; iii) refining, treatment, storage, transportation, distribution and wholesale supply of crude oil and oil products.

The Portuguese Government, acting through the Ministry of Economy and Employment, has announced today a set of measures for the power sector, which mostly provide for two changes of immediate effects with economic and financial impact in the EDP Group.

Ordinance no. 765/ 2010 was published and establishes, while implementing the provisions of article 33-A of Decree-Law no. 172/2006 of 23 August, a capacity payment regime applicable to power plants located in Portugal that operate in the liberalized market, thus promoting the harmonization of the capacity payment conditions at the Iberian level.