Ministry seeking overall balance in PPC pricing policy revisions

State-controlled main power utility PPC’s new tariffs package been prepared by the energy ministry includes a CO2-related clause enabling price hikes whenever this emissions right cost exceeds a certain level, as well as reductions of RES-supporting ETMEAR and public service compensation (YKO) surcharges paid by consumers through electricity bills, sources have informed.

Though these regulatory charge revisions promise to bring about surcharge changes for PPC’s entire client base, numbering approximately 7.2 million, the energy ministry, mindful of upcoming elections, due later this year, is aiming for a balance that will not affect the overall electricity-bill amounts paid by consumers.

The revisions could be implemented in March in a bid to bolster PPC’s financial standing ahead of a prospective 350 million-euro bond issue.

As part of the upcoming revisions, PPC also plans to reduce a 15 percent discount offered to punctual customers to 10 percent, sources added.