PPC Asks for 25% Average Hike in Electricity Bills

PPC Asks for 25% Average Hike in Electricity Bills
by Harry Aposporis
Τρι, 11 Δεκεμβρίου 2012 - 16:12
Greek utility, PPC, has asked the national regulating authority (RAE) for an average hike of 25% in the 2013 electricity bills. Those increases will be implemented in three different stages, starting from 1/1/2013 until 1/7/2013.

Greek utility, PPC, has asked the national regulating authority (RAE) for an average hike of 25% in the 2013 electricity bills. Those increases will be implemented in three different stages, starting from 1/1/2013 until 1/7/2013 .

The first hike, in 1/1 will be 10,8%. The second one, in 1/5 will be 6,3% and the last one, in 1/7 will be 6,1%, according to PPC’s proposal. Furthermore, an increase for the renewable charge has been set for the 1st of January, which translates into an even greater increase of the price of electricity for Greek consumers.

During 2012, the Greek government has managed to prevent any price hikes for electricity, in order to protect the public during a period of intense economic vulnerability. However, that will not be the case in 2013, because PPC will have to pay for the use of coal, according to the EU’s decisions and planning. This means that from now on, the government will attempt to protect sensitive public masses exclusively through the use of the “Social Electricity Bill”, which reduces the burden for people of low income, etc.

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