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Portuguese competition authority suggests revising compensation system for EDP

( November 28, 2013, 10:53 GMT | Official Statement) -- MLex Summary: The Portuguese competition authority has recommended that the government revise the national compensation system in favor of energy company EDP, granted for early termination of long-term contracts in light of liberalization of the sector. Currently, the mechanism distorts competition in the sector, but it could be improved through efficiency adjustments. An independent audit into the risk of overcompensation could also help to tackle the issues in the sector.Full statement follows in Portuguese follows:...

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