PPC traders’ debts in installments

The administration of PPC are examining the settlement of debts amassing from non-payment of the company’s bills, after the intervention by the vice minister of the environment, Giannis Maniatis.

According to protothema.gr sources, PPC will turn the disconnected power back on, asking for 30%-50% of the total sum as a prepayment, in contrast to its hitherto practice of asking the entire amount in order to make a reconnection.

Moreover, the rest of the debt will be regulated in installments within one year, in the logic of the new Electricity Supply Code, which sees similar accommodations for consumers.

Obviously the sigh of relief in a crisis period and amidst the holidays is welcomed by the market world, as the protests of Piraeus businessmen over the cuts due to non-payment are still fresh.

Generally, and according to PPC data, one in eight customers is not paying the bills at all, and if we add to them those who delay payment, the rate rises to 20% of customers, a much higher rate than that of average limit of “tolerance” acceptable to electricity companies in Europe.

And all this while PPC has already lost 13% of its clients in commercial usage and the rates of households and businesses are dropping, too. It is characteristic that according to the data of the Hellenic Transmission System Operator, which controls the electricity system, households and businesses consumed 5,19% less electricity on an annual basis during last November.