The Greek Ministry of Development is expected to announce Friday
electricity tariff hikes, which were requested by the country's
dominant electricity company, Public Power Corporation SA,
financial daily newspaper Naftemporiki reports.
Without citing sources, the newspaper says Greece's
Regulatory Authority for Energy proposed tariff increases ranging
between 6% and 8%, which it says are likely to come into force on Dec.
1. Last week, PPC said it wanted to raise tariffs between 10% and 30%,
depending on the user. That increase is meant to bring PPC's income
into line with its true operating costs and to cover years of indirect
social subsidies.