Author Topic: 'Leccy price rise  (Read 3024 times)

0 Members and 1 Guest are viewing this topic.

Offline Maik

  • Administrator
  • Forum Deity
  • *****
  • Posts: 20530
'Leccy price rise
« on: Wednesday, 28 August, 2019 @ 23:22:30 »
Greece's Public Power to up prices to secure 500 mln euros to plug cash shortfall

Greece’s troubled Public Power Corp. (PPC) will increase electricity rates and reduce discounts offered to customers who pay promptly to plug a cash shortfall, the country’s energy ministry said on Wednesday. PPC is saddled with about 2.5 billion euros ($2.8 billion) of unpaid bills from consumers who missed payments during the country’s debt crisis.

PPC aims to raise 500 million euros through the measures.