PPC’s additional public service amount case still in contention

A main power utility PPC case filed to the Council of State, Greece’s Supreme Administrative Court, with the aim of doubling a 360 million-euro Public Service Compensation (YKO) retroactive return decided on by RAE, the Regulatory Authority for Energy, for older YKO amounts from 2011 onwards, is still in contention and has now been passed on to a Court of Appeal for examination.

The Council of State considers that a legal error was committed by RAE, possibly prompting a miscalculated YKO amount.

The Court of Appeal will now need to judge whether the RAE decision was legal, and, in addition, whether a related formula for YKO amounts and returns was correctly applied.

PPC is seeking an additional amount of around 375 million euros to the initial 360 million-euro YKO amount decided by RAE, which would take the retroactive tally to 735 million euros.