PPC wants compensation for island support, tax exemption

Power utility PPC has raised a compensation claim for its maintenance of high-cost diesel-fueled power stations on islands – both interconnected and now in the process of being interconnected – as back-up, while also calling for an exemption from a special consumption tax (EFK) on the diesel it uses to run these facilities.

The two requests were expressed by PPC through public consultation held by power grid operator IPTO for its ten-year development plan covering 2021 to 2030.

To this very day, the power utility has fully met the grid operator’s requests concerning provision of back-up services to ensure uninterrupted electricity supply to consumers on the Cyclades, yet, despite the corporation’s initiatives and the costs it has shouldered, which are growing, an appropriate regulatory framework ensuring sustainability for this service has not been established, PPC noted in the public consultation procedure.