Friday April 18, 2014 Search
Weather | Athens
17o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Unpaid electricity bills grow by 4 mln euros per day

by Chryssa Liaggou

Public Power Corporation (PPC) data illustrate that Greek households and corporations are finding it increasingly difficult to pay their electricity bills. Total debts to the power utility from unpaid bills currently total some 1.3 billion euros, an amount which is growing at an average rate of 4 million euros per day.

The lion’s share of that debt is owed by low- and medium-voltage consumers – households and very small enterprises. The total arrears of these categories amount to an estimated 600 million euros, of which some 65 percent concerns households. The debts of the broader public sector amount to 190 million euros. The arrears of corporations connected to the medium-voltage network total some 130 million euros, while mining company Larco alone has run up debts of more than 135 million euros.

In an effort to make it easier for households to repay what they owe and to boost the cash inflow into its coffers, PPC introduced a flexible and extensive payment plan scheme last year that over 700,000 consumers have joined. The scheme has proven so popular that the utility has given its customers the option of securing a payment plan via telephone in order to reduce long queues at its offices, as staff had been unable to handle the volume of applications.

PPC customers can now complete the process over the phone, by calling 11770 and applying to pay 12 monthly installments along with a down payment of between 20 and 50 percent. The category of socially sensitive consumers (the unemployed, those with low incomes etc) can pay their dues in up to 40 installments. Consumers only have to go to PPC offices to pay their installments.

An estimated 7,500 households who had their supply cut off have now been reconnected thanks to a government decision to secure power for the country’s poorest households. There are, however, another 35,000 households, according to official figures, that have illegally reconnected their electricity supply, which is very dangerous.

ekathimerini.com , Sunday Jan 19, 2014 (21:25)  
PPC to issue corporate bond of 500 mln
Primary surplus continued by end-March
Eurobank eyes top Core Tier 1 level in Greece
Tourist spending up 17.3 pct
Greece offers to help find Turkish F-16 lost in 1996
Greece officially offered on Thursday to assist Turkey in its efforts to locate and salvage a Turkish Air Force fighter jet which crashed in the Aegean almost 20 years ago. Greek Defense Min...
Talks lined up in wake of ‘shameful’ soccer scenes
The government has pledged to meet with soccer officials after Easter to tackle unruliness in the game following wild scenes at the Greek Cup semifinal between PAOK and Olympiakos in Thessal...
Inside News
BASKETBALL
Former Red Bourousis wrecks Olympiakos´s hopes for a break
Olympiakos tried harder in Game 2 of the Euroleague play-offs in Spain, and Real Madrid was not as good on Thursday as in Game 1, but the Spaniards still emerged victorious on the night with...
SOCCER
Greek soccer turns fishier than ever
Soccer in Greece reached new lows in scenes unseen since the national team’s triumph in Euro 2004, as PAOK and Olympiakos served up a cup semifinal with PAOK emerging as the winner and the s...
Inside Sports
COMMENTARY
The placebo effect and the economy
Among the greatest mistakes made in the years of Greece’s hard landing is that citizens did not get the chance to sense that aside from austerity and pain the economic adjustment program als...
COMMENTARY
Ukraine is a crisis—but not a Cold War
Given Russia’s annexation of Crimea, the imposition of US and European sanctions, and the potential for more escalation in Ukraine, we are witnessing the most important geopolitical events s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Former Red Bourousis wrecks Olympiakos´s hopes for a break
2. PPC to issue corporate bond of 500 mln
3. Greece offers to help find Turkish F-16 lost in 1996
4. Primary surplus continued by end-March
5. Eurobank eyes top Core Tier 1 level in Greece
6. Tourist spending up 17.3 pct
more news
Today
This Week
1. Greece startup leaders say they can’t break jobless cycle alone
2. Ground-breaking Good Friday mass signals thaw in Cyprus
3. Mayoral candidates clash over Athens mosque plans
4. Seven arrested over Toumba violence
5. National Bank of Greece plans senior unsecured bond sale
6. Greek current account deficit widens in February
Today
This Week
1. Bomb explodes outside Bank of Greece
2. Samaras sees no need for third bailout
3. CCTV footage from Nigrita Prison shows signs of inmate torture [Video]
4. Greece's market return mirrors return of tourists
5. Car bomb explodes outside Greek Central Bank building, no one hurt [Update]
6. Parties start announcing candidates for European Parliament elections
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.