Power utility PPC is moving ahead at full speed with its offering of lignite-fired electricity packages to rival suppliers as part of a recent antitrust agreement reached between the energy ministry and the European Commission.

Lignite-fired electricity packages offered by PPC to rivals, covering all four quarters in 2022, have so far resulted in sales amounting to 1,740 GWh for next year.

PPC will need to sell, to rival suppliers, lignite-fired electricity packages estimated at a little over 2,100 GWh for the first, second and third quarters of 2022.

Sales have so far reached 475 GWh for the first quarter, 382 GWh for the second quarter, 386 for the third quarter and 497 GWh for the fourth quarter.

Transactions for most of the 1,740 GWh in lignite-fired electricity sales completed have taken place through the European energy exchange, reaching 1,697 GWh.

Transactions through the Greek energy exchange were limited to 43 GWh, for quantities concerning 1Q in 2022. PPC made available bigger quantities without attracting buyers.

Analysts partially attributed this reservation to the adverse conditions currently faced by domestic suppliers, who, as a result of exorbitantly higher wholesale electricity prices, are being forced to spend far greater proportions of cashflow on electricity purchases covering the current needs of customers, which has prevented them from considering futures contracts.