PPC collection policy ‘neither relentless nor soft’

The main power utility PPC is neither trumpeting a relentless electricity supply cut campaign nor pursuing social policy, the utility’s chief executive Manolis Panagiotakis has declared, responding to a reporter’s question on whether consumers owing overdue electricity bill amounts of less than 1,000 euros would continue being safeguarded against power supply cuts.

Panagiotakis, who made his comments from Ptolemaida, northern Greece, a core production region for the utility, explained that 1.13 million consumers owe amounts of less than 500 euros. The sum, amounting to 130 million euros, would, by no means, be given up by PPC, he stressed.

A total of 250,000 PPC clients owe sums of between 500 and 1,000 euros, which amounts to approximately 200 million euros.

“No specific figure has been set as to the number of electricity supply cuts we could carry out. Nor is it not true that we are cutting power supply on a mass scale, or practicing social policy,” the PPC head remarked. “By definition, we are cutting supply to clients who are able to pay but not willing,” he continued.

Panagiotakis indirectly admitted that 85,000 clients owing over 3,000 euros each, for a total sum of 500 million euros, would be targeted through the utility’s heightened collection campaign.

PPC’s unpaid receivables stand as one of the utility’s biggest problems. The board has set itself an ambitious objective of improving its collections record to pre-recession levels.