ECONOMY

PPC fined for ploys to prevent client loss

The Regulatory Authority for Energy (RAE) fined the Public Power Corporation (PPC) 900,000 euros yesterday for a series of violations regarding its obligations as the central distributor of electricity in Greece.

After Energa, a private PPC competitor, filed complaints, RAE found that PPC had raised various obstacles to prevent the loss of customers to other suppliers. PPC officials commented that the fine was excessive as it did not concern a persistent practice.

The 900,000-euro fine breaks down as follows: 300,000 euros for violating the provisions regarding debiting and clearing clients? accounts, 300,000 euros for inadequate service to alternative suppliers, 150,000 euros for not heeding RAE recommendations, and 150,000 euros for persistently failing to inform alternative suppliers about future dates for meter readings.