Public Power Corporation (PPC) on Friday reported lower losses in the January-September period this year compared with the corresponding period in 2018.
Following tax losses totaled 353.2 million euros in the nine-month period, from losses of 574.6 million in 2018, while turnover rose 3.4 pct to 3.608 billion euros, from 3.489 billion in 2018.
In an announcement, PPC noted domestic electricity demand increased by 3.1 pct, while total electricity demand (including exports) was contained to 1.1 pct, due to lower exports from third parties from the second quarter onwards. This reduction in exports was attributed to the Regulatory Authority for Energy’s (RAE) decision to set restrictions on the NOME products that can be exported, resulting in the containment of the NOME quantities that were delivered.
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