There will be no increase in electricity bills, ministry sources say

Top sources in the Greek environment and energy ministry on Tuesday reaffirmed that there will be no increase in electricity bills.

Speaking to reporters, during an EcoMobility conference in Athens, the sources said it was up to the Public Power Corporation (PPC) to decide whether to reduce a 15 pct prompt payment discount offered to good customers and that the ministry will not interfere in the commercial policy of the corporation. They added that any adoption of an emission clause on PPC’s bills will not lead to any significant changes in energy prices for consumers. The sources noted that PPC does not have any financing problems and stressed that the corporation was adequately funded, both from the European Investment Bank and the European Bank for Reconstruction and Development.

Environment and Energy Minister George Stathakis, addressing the conference, said the ministry will clarify a framework of incentives (subsidies, taxation, financing, etc.) to encourage a transition to electric cars and set out a new regulatory framework to regulate issues in infrastructure and operation of markets in order to attract private investments. “By 2030, one in 10 vehicles must be electric in order to achieve our transport goals,” Stathakis said.