Outstanding Debt to PPC Threatens Stability of Energy Market, Official Says

ppc

A statement by a senior company official for Greece’s Public Power Corporation (PPC) recently reported that the outstanding debt consumers owe to the energy company has largely gone unsettled.

According to sources, many consumers who have signed up for PPC’s payment program which spreads payments out over a 36 month period, have not been fulfilling payment obligations.

The statement released by the company addressed this issue at length as well as the repercussions that the growing amount of outstanding debt poses to the entire electricity market in Greece.

“PPC must stand on its feet because if it crumbles it will take the entire market down with it and lead to an energy crash” the statement warned.