REN and E-Redes Seek 'Exceptional Event' Classification to Avoid Paying Millions in Compensation
Negócios2 days ago
980

REN and E-Redes Seek 'Exceptional Event' Classification to Avoid Paying Millions in Compensation

Economy
energy
business
regulation
compensation
portugal
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Summary:

  • REN and E-Redes ask regulator to classify blackout as 'exceptional event' to avoid compensation

  • Final report submitted to ERSE after a 10-day extension

  • Decision could set precedent for future incidents

REN - Redes Energéticas Nacionais and E-Redes have requested the energy regulator to classify the recent blackout as an 'exceptional event', a move that could exempt them from paying millions in compensation to affected businesses.

After initially requesting a 10-day extension (from May 18 to May 28) to submit their final report on the blackout, REN has now delivered the document to the Energy Services Regulatory Authority (ERSE).

ERSE confirmed to Negócios that both REN and E-Redes have submitted their reports, seeking the classification that would relieve them of financial liabilities. The outcome of this request could set a significant precedent for how similar incidents are handled in the future.

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