ECONOMY

Power theft amounts to 300 mln euros per year

Power theft amounts to 300 mln euros per year

Electricity consumers will have to shoulder a 300-million-euro power theft bill.

That was the cost faced by power suppliers, mainly Public Power Corporation, as a result of people illegally gaining access to and using the power network in 2018; a similar figure is estimated for 2019 too, according to a study compiled by the country’s grid operator DEDDIE and announced by the Regulatory Authority for Energy.

RAE said power theft amounted to 4.1 percent of the total energy that entered the system in 2018, up from 3.2 percent in 2017.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.