Press Release - 21.07.2014

Rationalization of Electricity Tarrifs

PRESS  RELEASE
 


PPC announces that in order to be in line with the European rules for cost-reflective tariffs, certain PPC’s tariffs referring mainly to small and medium sized enterprises, as well as holiday and secondary residences are being adjusted as of July 25, 2014. The reduction of cross-subsidies leads to more proportional billing in electricity consumption based on cost, so as one customer not to be burdened unjustifiably with more expensive charges whereas another one to take advantage of lower prices.

In essence, it is about the rationalization and normalization of the market with fair billing to everyone.
In brief, the changes in PPC’s electricity tariffs refer to:

• The reduction of tariffs for almost 1.4 million small and medium sized enterprises as well as in areas of common use.

 For the industrial tariff (Γ21) that refers to the majority of professionals including areas of common use, the average reduction is 3.4% on the total amount of the bill. Indicatively, for a commercial customer with consumption of up to 2,000 kWh within the four-month period, the reduction on the total amount of the bill is approximately €3.7/month.

 For the industrial tariff Γ22, the average reduction is 1% on the total amount of the bill. Indicatively, for the commercial customer with three-phase supply and monthly consumption of 7,000 kWh, the reduction on the total amount of the bill is approximately €11.6/month.

 For the industrial tariff Γ23, the average reduction is 2.2% on the total amount of the bill. Indicatively, for the commercial customer with one-phase supply and monthly consumption of 2,750 kWh during the day and 2,250 kWh during the night within the four-month period, the reduction is approximately €6/month on the total amount of the bill.

• Abolition of the residential charge scale up to 800 kWh in the four-month period and its integration into the next charge scale, a fact that leads to an average increase of 11.1% and in no case will exceed 11.5%, relating only to this category and on the total amount of the bill. Indicatively, the increase corresponds to €1.9/month for consumption of 400 kWh for the four-month period on the total amount of the bill and €3.8/month for consumption of 800 kWh for the four-month period – which constitutes the maximum increase. It is pointed out that for the category of consumptions between 1 and 800 kWh, there are 2,160,000 supplies, the vast majority of which, refer to holiday and secondary residences.

• The tariffs for the rest of residential customers that consume more than 800kWh in the four-month period remain the same. The above mentioned changes will not affect the night tariff which will remain the same, as it is internationally and widely used with the goal to promote the rationalized use of energy.

All vulnerable consumers integrated into the Social Residential Tariff are not affected, as there is no change. It is noted that 565,000 consumers have already been integrated into the Social Residential Tariff. With the recent expansion of the Social Residential Tariff by the State, this number is expected to increase.

PPC will have no financial benefit or loss from the rationalization of tariffs, as the tariff adjustments lead to neutral effect. 



Athens, July 21, 2014
Browser update recommended

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.

Appointment Appointment appointment form