ATHENS Jan 13 Greece raised electricity prices
for households by up to 15 percent this year to help
state-controlled power company PPC cover costs for
transmission rights, the government said on Sunday.
The debt-laden country increased its regulated power prices
last year as well to reflect the true cost of energy generation
as required under the terms of an EU/IMF bailout.
The government said the new tariffs, which came into effect
from Jan. 1, stemmed from PPC being required to spend 270
million euros ($360 million) for transmission rights this year.
Depending on consumption, prices for Greek households - many
of which are already struggling because of austerity measures
imposed by the government - will go up by between 8 and 15
They come after a 9.2 percent average increase in prices
PPC is the dominant player in the Greek energy market, and
the country's EU and IMF lenders are pressing the government to
make room for private companies. The company's tariffs are
regulated by the state.