Austria's Verbund AG to appeal in case against price hike

VERBUND AG

05/10/2023 06:46

BERLIN, Oct 5 (Reuters) - Austria's Verbund AG said on
Thursday it plans to appeal a court decision against a clause
that allowed the energy company to increase its tariff from May
last year.
    Verbund said it would lodge its appeal in due course with
Austria's Supreme Court of Justice.
    "Our goal is still to obtain clear specifications for price
changes from the legislator in order to ensure legal certainty
for suppliers and end consumers alike," the company said in a
statement emailed to Reuters.

 (Reporting by Alexander Schwarz-Goerlich, Writing by Rachel
More, Editing by Miranda Murray)
 ((rachel.more@thomsonreuters.com;))