Public Power Corporation

The Public Power Corporation (PPC) units that generate power from renewable energy sources are set to increase exponentially during 2023 as new RES units come online or near completion, PPC Chairman and CEO George Stassis said.

Stocks on the Greek bourse continued their impressive rally following last Sunday's election with another day of robust growth and turnover, taking the Athens benchmark to a new nine-year high on Friday. Adding to the momentum was the Motor Oil deal for the takeover of a solar energy company that brings it back into partnership with Public Power Corporation.

Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs. 

The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year. 

The benchmark of the Greek stock market soared to levels unseen since July 2014 on Monday thanks to the election result on Sunday that has opened the way for ruling New Democracy to score a new four-year mandate.

Two men were arrested for impersonating Public Power Corporation workers to enter the home of a woman in Nea Moudania, northern Greece and stole jewelry and money worth a total 10,000 euros.

The majority of electricity suppliers have announced reduced tariffs in June (compared to those in May), following the decline in prices on the Energy Exchange.

Reduced tariffs in June (compared to those in May) were announced by the majority of electricity suppliers, following the decline in prices on the Energy Exchange.

The week at the Greek stock market began in the same way it had closed on Friday, with healthy gains for the majority of stocks driven by the growth registered by banks stocks.

Electricity suppliers announced on Friday lower bills for May, with prices very close to the target set by the government for final charges to consumers. 

More specifically, Public Power Corporation reported a charge of 15.9 cents per kilowatt-hour for energy consumption up to 500 KWh, down from 16.5 cents in April). 

Public Power Corporation (PPC) on Thursday announced it has reached a deal to increase its equity stake in electricity power distribution and supply companies in Romania, following an agreement reached on March 9 to acquire all of Enel's activities in the country.