Liquidity test to trigger protection for minnow power suppliers

Tue, 19 May 2020

Power retailers seeking relief from lines charges under the Electricity Authority’s new protection scheme will have to demonstrate a 25 percent increase in their overdue billings compared with pre-covid levels. To qualify firms must have been solvent at Dec. 31, but now face “liquidity issues” within the next six months due to the virus outbreak and fallout from it. They must also expect to be able to pay their debts in 12 months’ time. The new measures, which require the country’s six largest lines companies to defer two months of charge...

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