(ANSAmed) - ATHENS, NOVEMBER 4 - The electricity market in
Greece is in serious trouble as a source at the Public Power
Corporation (PPC) told daily Kathimerini that unpaid bills are
growing at a rate of 4 million euros per day. PPC officials
speak of an unmanageable situation concerning the company's cash
flow, which is getting worse by the day and is set to reach its
limit in December, which will mean trouble for the rest of the
electricity market too.
The problem starts with consumers' inability to pay their bills and is aggravated by recent regulations regarding the operation of the electricity market and the renewable energy sources sector which have burdened PPC with very high costs.
"The picture we now have is far worse than we had anticipated regarding the collection of bill payments. The situation has been deteriorating since August and in the last two months the gap between bills issued and payments collected has reached 4 million euros per day," a PPC official told Kathimerini.(ANSAmed).
The problem starts with consumers' inability to pay their bills and is aggravated by recent regulations regarding the operation of the electricity market and the renewable energy sources sector which have burdened PPC with very high costs.
"The picture we now have is far worse than we had anticipated regarding the collection of bill payments. The situation has been deteriorating since August and in the last two months the gap between bills issued and payments collected has reached 4 million euros per day," a PPC official told Kathimerini.(ANSAmed).
