Public Power Corporation

The Public Power Corporation (PPC) launched an administrative inquiry on Thursday into why electricity supplied to the home on Crete of a quadriplegic customer on life support was cut, resulting in the woman’s death about an hour later.

The family of a 56-year-old quadriplegic woman on life support who died on Wednesday, allegedly after the Public Power Corporation cut electricity supplies to her home due to unpaid bills, had allegedly submitted an application for special status conceded to people on life support.

A 56-year-old quadriplegic woman on life support died on Wednesday, allegedly because Greece's public utility cut the power off due to her unpaid bills.

By Chryssa Liaggou

Greece’s Public Power Corporation announced on Monday that electricity rate hikes set to see most households’ bills rise and cuts for most enterprises will apply as of this Friday and not July 1.

The benchmark of the local bourse managed to claw back morning losses and expand, albeit marginally, for a fifth day in a row on Thursday. However, observers are concerned about continuing low turnover levels, which remained far below the 100-million-euro mark.

By Anestis Dokas

Blue chip companies have enjoyed borrowing costs of below 5 percent in their international corporate bond issues during the first half of the year. The main reason for the decline is the improvement in the country’s fiscal image, confirmed by Greece’s return to the bond markets in April for the first time since 2010.

The debate surrounding the partial privatization of the Public Power Corporation (PPC) is fresh proof that the Greek political establishment is incapable of putting an end to partisan practices.

Police in Katerini, northern Greece, detained two men aged 20 and 29 on Saturday who allegedly posed as Public Power Corporation (PPC) workers and robbed an 80-year-old woman of the sum of 9,000 euros.

According to the case file, the two suspects entered the victim’s residence on the pretext of repairing a faulty electricity circuit.

By Chryssa Liaggou

The Public Gas Corporation (DEPA) is processing a plan to offset the losses of the local gas supply corporations, known as EPAs, in the natural gas retail market, in cooperation with Shell and ENI, the other main stakeholders in the three EPAs in Athens, Thessaly and Thessaloniki.

Both Greece’s conservative-led government and the leftist opposition claimed victory on Thursday after the Parliament’s summer session rejected proposals for a debate regarding a possible referendum on plans to sell part of Public Power Corporation (PPC), the nation’s biggest power producer, to a private competitor in 2015.