Public Power Corp. (PPC), the dominant electricity provider and producer in Greece, on Friday announced discounts of up to 40% for retail consumers, a move aimed to absorb what’s expected to be high wholesale prices for February.
The discounts are among the highest announced by power providers in the country, with PPC saying the rate for February 2025 will be the same as in the preceding month, namely, 0.1548 €/kWh in the “green” program.
Consumers in Greece, similar to other European markets, experienced a “shock” in terms of power and fuel prices after the end of the pandemic and in the wake of Russia’s invasion of Ukraine.
