The Portuguese Government has put in place a Fund for the Systemic Sustainability of the Energy Sector aiming at reducing the Portuguese tariff deficit. This deficit is the result of a long term policy of power utilities support  through complex compensation schemes (including but not limited to those known as CMEC) payable by consumers.
Energy utilities will now be called to contribute with an extraordinary contribution (a new tax already foreseen in the 2014 Budget Law) that will be used to partially replace the CMEC and to acquire tariff credits from energy companies.

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