PPC extends softened payback offer, overdue amount drops

The board at main power utility PPC has decided to extend its softened, deposit-free payback offer by one month, until October 31. The decision, according to a company statement, was prompted by the large number of consumers emerging to register as a means of dealing with overdue electricity amounts owed to PPC.

The offer is also available to consumers whose power supply has been cut as a result of unpaid electricity bills.

Consumers left without power will have their lines reconnected following deposit payments covering 15 percent of amounts owed, while the remainder will need to be settled over 12 installments.

PPC’s chief executive Manolis Panagiotakis noted that the corporation’s unpaid receivables figure has fallen for the first time in many years.

This development has been attributed to the corporation’s payback program, introduced recently, offering deposit-free registration and settlement of unpaid amounts over a greater number of monthly installments. Over 400,000 PPC customers have registered to settle a total amount of 1.1 billion euros. A recent 15 percent discount offer to punctual customers has also helped reduce the corporation’s unpaid receivables figure, PPC announced.