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Europe Daily Bulletin No. 8323

21 October 2002
Contents Publication in full By article 29 / 47
GENERAL NEWS / (eu) eu/state aid
Greece can compensate PPC for liberalisation in the electricity sector (stranded costs)

Brussels, 21/10/2002 (Agence Europe) - The Commission has given the go-ahead to Greece to compensate Public Power Corporation of Greece (PPC) for the impact of liberalisation in the electricity sector (stranded costs). The Greek plan consists of three components: a) Compensation costs to the operation by PPC of unprofitable power stations in a liberalised market will be paid until 2015 and will be adjusted annually to the actual amount incurred by PPC in operating the power stations in...

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