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Mitsotakis: “We are managing to keep electricity prices low”
🇬🇷 Greece /Energy & Infrastructure

Mitsotakis: “We are managing to keep electricity prices low”

From Ta Nea · () Greek

Translated from Greek and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Prime Minister Kyriakos Mitsotakis said PPC will set its fixed electricity tariff for the next year at 0.115 euros per kilowatt-hour, with a 3.5-euro standing charge.
  • He attributed the lower prices to PPC’s financial strength, which he said allows it to absorb part of higher energy costs instead of passing them to households.

Prime Minister Kyriakos Mitsotakis has highlighted a lower fixed electricity tariff from PPC, presenting it as protection for Greek households while international energy prices are rising.

on the verge of bankruptcy

— Kyriakos MitsotakisHe described PPC’s financial condition in 2019.

In a video posted online, Mitsotakis referred to PPC’s announcement that its fixed tariff for the next year will stand at 0.115 euros per kilowatt-hour, with a monthly standing charge of 3.5 euros. He said that under other conditions, rising international energy prices would have placed additional pressure on household bills.

The prime minister linked the lower tariff to PPC’s financial strength. He said the company can absorb part of the increased cost rather than transfer it to consumers.

shield of protection

— Kyriakos MitsotakisHe described PPC’s current role for Greek households.

Mitsotakis contrasted the company’s current position with 2019, when he said PPC was “on the verge of bankruptcy.” He now described it as a “shield of protection” for Greek households. “Because a strong PPC ultimately means something very simple: less pressure on electricity bills,” he said.

Because a strong PPC ultimately means something very simple: less pressure on electricity bills

— Kyriakos MitsotakisHe concluded his message about the lower fixed tariff.
About this summary

Originally published by Ta Nea in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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