Greece: PPC to accelerate the implementation of RES

, SEE Energy News

A new corporate image of the state-controlled Public Power Corporation (PPC) includes acceleration of the implementation of both small and large-scale renewable energy projects, continued closure of lignite-fired units, introduction of new digital products and services, as well as expansion of its retail network. This was presented by the company’s CEO Giorgos Stassis.

According to Stassis, all this is an introduction into the company’s revised business plan that will be revealed at the end of 2020. The revised three-year business plan will be a more ambitious and confident than last year’s version as it features bolder digitalization steps, a more aggressive retail market policy, aim for a RES portfolio well over 1 GW over the next three years, through a pool of prospective projects totaling 6 GW.

He also announced that PPC will waive the fixed payment in all its customers from 1 October to 31 December, offer 8 % discounts to residential and commercial customers who consume over 2,000 KWh of electricity, provide an additional 8 % discount off bills of vulnerable customers and double the discount from 5 to 10 euros to e-bill customers who have done away with the paper bill.

PPC is also hoping for a favorable response from the European Commission by the end of November on a request for annual compensation of 200 million euros, due to the closure of its lignite-fired power plants.