PPC customers in for a shock

Hundreds of Public Power Corporation clients protested inside and outside the company’s headquarters in central Athens on Tuesday as PPC chief Arthouros Zervos told Parliament that the rate hikes the corporation is proposing for 2013 amount to ‘only 15 euros per month per household.’

This signifies an additional 30 euros per bill (issued every two months) for households, even for those with low power consumption.

Zervos argued that this rate hike had been among the country’s obligations from the first bailout agreement in May 2010, but that governments since had failed to implement the measure.

This means that the increase – which will range from 14 to 49 percent, depending on the level of consumption – will have to come within just six months, before the July 2013 deadline, as agreed by Athens.

The PPC proposal for the rate hike has been submitted to the Regulatory Authority for Energy, which in turn has forwarded it to the Energy Ministry.

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