PPC insisting on higher public service sum, disputes RAE

Power utility PPC has not abandoned an older effort for a public service compensation (YKO) payment concerning the year 2011 that is far greater than a 195 million-euro sum determined by RAE, the Regulatory Authority for Energy, and expected to be provided via the 2020 national budget or the 2019 budget surplus.

However, the power utility is once again disputing the authority’s calculations and insists the amount should be 680 million euros, or 485 million euros greater.

Besides the amount concerning 2011, PPC is also pursuing, through high-level legal action, a further 375 million euros for public service compensation sums accumulated beyond 2011.

Overall, PPC is seeking a total of 860 million euros in public service compensation.