Power utility PPC’s ongoing negotiations with industrial consumers for new two-year supply deals covering 2021 to 2023 are making progress in a number of cases, where deals are close to being finalized, while, in others, work is still needed to bridge gaps.

Tariff increases of approximately 20 percent are expected, while discounts for punctual payments by customers will not be incorporated into the new two-year deals, it has become apparent.

The talks are now focused on other matters, still unresolved, including the method applied by the power utility to shape customer profiles influencing respective tariff levels.

The percentage of a take-or-pay clause to be applied on monthly electricity consumption levels, or discrepancies from agreed consumption levels, is another matter that remains unresolved.

At this stage, PPC appears likely to accept a more flexible solution compared to its initial proposal.

PPC has already reached an agreement, until 2023, with the vertically integrated Mytilineos group’s Aluminium of Greece, the final deal in a 60-year association.

As of 2023, PPC’s pricing policy for energy-intensive consumers will change as tariffs will no longer be fixed but linked to wholesale electricity costs.