Regarding recent press reports on the charges included in the electricity bills for Public Service Obligations (PSOs), PPC clarifies the following:
PSO charges for 2015 which were included in PPC’s tariffs were in the order of € 625 m instead of € 720 m that was mentioned in these press reports. PPC’s cost for providing PSOs that should have been covered by these charges relate to 2014 and amounted to € 758 m. Thus, PPC, instead of having a “surplus” of € 93 m as mentioned in these press reports, it actually under-recovered PSOs by an amount of approximately € 133 m. The respective PSOs cost for 2015, which need to be recovered in 2016 is estimated at approximately € 720 m. The total amount to be recovered by PPC for the period 2012-2015 is in the order of € 600 m.
Athens, May 31, 2016
Our website has detected that you are using an outdated browser that will prevent you from accessing certain features.
In order to improve your browsing experience we strongly recommend you use the links below to update to one of the following modern browsers.