PPC will cover the revised ETMEAR surcharges – Greece, 7 October 2016

The management of Greek Public Power Corporation (PPC) announced that the company will not pass the increased RES-supporting ETMEAR surcharges to its customers. ETMEAR surcharges were recently revised in order to provide additional 45 million euros for the special RES account.
The company will cover this surcharges by itself, because choosing otherwise would lure many of existing PPC’s customers to rival suppliers. As PPC currently holds about 90 % of the electricity market in Greece, it will be responsible for covering the major part of the 45 million euros amount. It is expected that Regulatory Authority for Energy (RAE) will announce its final decision on ETMEAR surcharges on 20 October.

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