Public Power Corporation

Public Power Corporation's green tariff for July rose 14% compared to June, versus a 22% increase in the wholesale price of electricity during the same period.

For July, the Public Power Corporation (PPC) is offering the second-largest discount since the introduction of special tariffs earlier this year, keeping green electricity rates low for most consumers. The PPC’s 31% discount absorbs a significant portion of June’s 22% increase in wholesale prices, resulting in a household electricity rate of 0.1355 euros per kilowatt-hour.

An appeals court in Western Macedonia on Thursday reversed a sentence imposed on seven former and current executives of state-run power utility PPC over a huge landslide at a lignite mine in the region of Kozani in 2017, which forced the evacuation of a nearby village.

Thursday offered investors another bank-centered decline for stocks, which came with a drop in turnover too. The benchmark at Athinon Avenue took significant losses and even closed at the day's low, pointing to a trend for a further drop on Friday morning at least. Observers say the market is waiting for the sale of blue chip Terna Energy to unleash some liquidity.

The decline of stocks continued on Wednesday at the Greek bourse, with the benchmark yielding significant ground as its drop accelerated and it closed at the lowest point of the day. It has also fallen to its lowest point in over a month. The announcement of the takeover of insurance company Europe Asfalistiki by Intracom led to a decline in the latter's price. 

The European electricity industry on Wednesday sent a call to policy makers from Athens, both nationally and at European level, to ensure investments in the networks to be able to meet the goals of the energy transition.

The final bourse session of the week offered mixed feelings to observers, as the rise of banks did not suffice to see the benchmark hold on to its early gains that had temporarily taken it above the 1,500-point milestone. However, the losses eventually recorded were marginal and the index remained in positive territory for a second week in a row.

A multitude of blue chips cooperated on Wednesday at the Greek stock market to send the benchmark to highs unseen in more than 13 years. Led by National Bank of Greece, the banks index was the protagonist of a session that brought Athinon Avenue back onto the path toward the 1,500-point level that is now within striking distance for the main index.

Much as traders appeared eager to cash in Wednesday's stock gains, Athinon Avenue reversed its losses and ended Thursday's session on a new 13-year high for its benchmark, supported by key blue chips such as Eurobank and Public Power Corporation. Winners and losers on the day ended up in a dead heat. Turnover continued to grow.

A 63-year-old man, holding a jerrycan of gasoline, threatened to set himself on fire outside the facilities of the Public Power Corporation (PPC) in Lakonia, near Agios Nikolaos, in eastern Crete. 

Reports say he resorted to this act to protest against his debt issues with the power utility.