ECONOMY

Power bill hikes to be greater than expected

Consumers will be facing larger electricity bills this year that will come in above the 10 percent hike announced by the Environment Ministry last month, Public Power Corporation’s new rate chart, posted online on Tuesday, suggests.

The biggest rise in charges will be experienced by consumers with summer homes and secondary residences, as well as those who use up to 800 kilowatts per quarter.

Households that stick close to the average consumption rate will also see a greater-than-expected rise in the cost of electricity, as, for example, consumption of 1,600 kilowatts per quarter will cost 15 percent more this year than last.

PPC expects to collect an additional 2.89 billion euros from the rate hikes.