Power utility PPC, in financial trouble and desperate to improve its cash flow, is set to intensify its collection campaign for unpaid receivables concerning some 60,000 high-income consumers through the deployment of legal offices and any other available means.
This high-income consumer group, seen as capable but unwilling to meet its electricity bill obligations, owes PPC a total of 800 million euros, half the unpaid receivables tally in the low-voltage category.
As part of the escalated effort, PPC officials will be provided with weekly progress reports offering details on the collection effort.
PPC wants DEDDIE/HEDNO, the Hellenic Electricity Distribution Network Operator, to take swifter and firmer action in interrupting power supply to the utility’s debtors.
“The distribution network operator must act faster. We can’t go on begging it to cut power supply to uncooperative customers,” a PPC source told energypress.
In July, PPC’s former boss Manolis Panagiotakis, replaced recently, publically criticized DEDDIE/HEDNO for being ineffective. Just a fraction of 300,000 PPC power-cut orders issued over a year were executed by the operator, he protested.