Agreement between PPC – government on state’s outstanding electricity debts

The Public Power Corporation (PPC) and the government made an agreement for the settlement of the state’s outstanding electricity bill debts, as well as the pricing of its power consumption from now on.

According to sources, half of the 120 million euros in outstanding debt was paid, while the General Accounting Office is in the process of assigning the remainder of the debt to general government, so that it will be paid.

The agreement provides that the State will be treated as a large customer in order to receive additional consumption discounts, in addition to prompt payment discounts (15 pct) and prepayment of consumption (6 pct), according to the policy applicable to large industrial consumers. Thus, the total discount in relation to the basic tariff is set at 25-26 pct.

PPC’s sources also said that for 2019 there will be a renegotiation of the state’s supply terms.

Source ANA-MPA
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