Despite the crisis, customers with overdue debts to PPC are decreasing

Despite the energy crisis and rising electricity prices, the percentage of PPC customers – which is the largest supplier of electricity – with overdue debts has not only not increased, but has been steadily decreasing in recent years.

According to the official data of the company available to the Athenian Macedonian News Agency, PPC customers with overdue debts were in June this year 20.6% of the total (one in five), compared to:

-23.1% in June 2021.

-26.2% in the same month of 2020.

-26.4 % in 2019 and

-30.2% in June 2018.

This means that in 2018 there were 50% more customers in arrears (on a percentage basis) than in 2022 despite the fact that electricity prices from autumn 2021 onwards have increased due to the international crisis.

The retention of the percentage of customers with overdue debts to the largest supplier is attributed to a series of factors such as the subsidies provided by the State through the Energy Transition Fund to electricity consumers, the discounts applied by PPC, the fixed tariff programs that were not affected by the adjustment clause in previous months (until the clause was removed in July) but also the company’s settlement schemes, which allow consumers in difficulty to keep up with their debts.

The image of PPC is a clear indication of the evolution of the entire market since the company’s market share is at the level of 60%.

Maintaining the trend of holding down overdue debts is a critical parameter for PPC but also for the entire energy market as electricity prices remain at high levels due to international developments and the rise in natural gas costs. The tariffs announced by electricity suppliers for September are in the range of 70-80 cents per kilowatt hour, but the final cost is expected to be significantly lower after the Energy Transition Fund subsidy that is expected to be announced soon.