Does the electricity network company's obligation to reimburse the overcharge charged during the four-year period also apply to the successor company in the event of an asset deal?
Yes, it does. Under electricity market legislation, the transferee of an electrical power network or, in the case of a merger, the acquiring company, is responsible for restoring any overpricing to the customers of the transferring or merging electricity network company for both the current and the preceding four-year monitoring period.
Similarly, a change of ownership does not relieve the electricity network company of its responsibility for returning the surplus to its customers. Similarly, the transferee or the acquiring company will receive any possible deficit for the current and previous four-year periods.
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