Public Power Corporation

Problems in the supply of electricity on non-interconnected islands have been considerable this summer after similar issues last year too.

The old production units are failing one after the other due to faults, while in many cases there are no spare parts - due to their age.

Athinon Avenue produced a more convincing session of gains on Wednesday, with the benchmark growing almost 1% and turnover moving above the 100-million-euro mark again. The rebound on European markets and the Fitch report that projected a fiscal overperformance for Greece, as well as the essential window dressing at the end of the year's first half, saw most stocks move up on the day.

Wholesale electricity rates may have fallen from €104.98 euros per megawatt-hour in May to €86.90/MWh in June (to date), but this significant reduction will not be reflected in the bills consumers will receive for July, based on kilowatt-hour prices announced by providers.

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.