The distribution networks in Portugal are regulated and fall into three categories:
The remuneration rules for this operation are established by the Energy Services Regulatory Agency (Reguladora dos Serviços Energéticos - ERSE).
Factors considered when calculating the remuneration rate include the average yield of the ten-year bonds issued by the Portuguese State.
Galp, through its associated company, Galp Gás Natural Distribution (GGND), has a stake in nine natural gas distributors in Portugal, five of which operate under concession agreements with a duration of 40 years, whilst the remainder operate through licenses for a period of 20 years.
In 2019, through GGND, Galp operated distribution network of over 13,000 km. At the end of 2019, the regulated asset base was valued at approximately €1.1 bn.
In 2016, Galp reduced its stake in GGND to 77.5%, ceasing to consolidate the company in the Group's accounts.
Learn more about GGND here.
We use our own cookies and third-party cookies to improve our services by analysing your browsing habits. By continuing to browse, you are approving the use of these cookies. For more information, or to learn about how to change configurations, please see our
Cookie use policy