Investor Relations - 17.11.2016

PPC’s recourse to the Council of State regarding “NOME”

                                                                     Announcement

 

PPC S.A. has filed, on 14.11.2016,  a petition for annulment before the Council of State, against the administrative actions, which specified the mechanism for the auctioning of forward electricity products with physical delivery by PPC, through the Day Ahead Schedule (DAS) and with a regulated starting price to Eligible Electricity Suppliers, which was effected by L. 4389/2016.

Specifically, PPC has challenged the relevant decisions regarding the methodology for the definition of the minimum bidding price for the forward electricity products to be auctioned and the thereof resulting price for the first period of implementation of the mechanism, regarding the Code for Auctions of Forward Electricity Products, and the annual quantity of electricity which will become available through auctions of forward electricity products with physical delivery.

 

Athens, November 17, 2016

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