![Greek PPC: Definitive end to the open case with the E.U. for lignites](https://www.ot.gr/wp-content/uploads/2023/04/deh.jpg)
PPC completed the distribution of electricity products in the futures market during the period 2021-2023.
As it stated, with the completion of the process, a pending case for PPC and the country that has lasted for 15 years is essentially closed, i.e. since the Decision of the European Commission of 2008, regarding the concerns of the EU for the Greek Lignite and Electricity Markets, known and as the Lignite Case.
In particular, PPC managed to make available through electricity futures products on the Greek and European Energy Exchanges, based on the supply rules (volumes and prices) of the Exchanges, the quantities of energy that were defined in the commitments of the Greek Government to the European Commission for the period 2021-2023. The disposal method was fully compatible with the basic operating principles of the liberalized Energy Market and PPC implemented the disposal following the market rules.
Now, PPC has fully complied with its obligations arising from the Commitments of the Hellenic Republic to the European Commission. It is recalled that these Commitments were approved by the EU. and were incorporated into Greek legislation by Law 4843 of 20/10/2021, in order to remedy the concerns of the EU, as reflected in the Decision of 5/3/2008 of the EU (C(2008) 824).
In any case, PPC’s strategy for energy production has been focused for several years on Renewable Energy Sources, to meet the challenges of the energy transition and become an agent of development for society and the economy.
Recognizing its pivotal role for a sustainable world and the sustainable future of the country, it is constantly increasing its investments in RES, mainly photovoltaics and wind turbines, in projects that make its energy mix more “green”. At the end of 2023, PPC will have 1GW of installed capacity from RES, up from almost zero in 2019, with a target of 5GW in 2026. State-of-the-art photovoltaic parks are currently being built in western Macedonia and the Peloponnese, which will gradually replace lignite units. Already, from 2019 to 2022, the company has reduced greenhouse gas emissions by 36%.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Massive Wildfire Front North of Athens; Evacuations Continue](https://www.ot.gr/wp-content/uploads/2024/08/DSC_0559-600x399.jpg)
Massive Wildfire Front North of Athens; Evacuations Continue
Τhe conflagration in northeast Attica prefecture (greater Athens area) erupted instantaneously amid gusty winds near the township of Varnavas, before spreading south towards Mt. Penteli
![Greek Industrial Production Up by 9.5% in June 2024](https://www.ot.gr/wp-content/uploads/2024/08/industry.jpg)
Greek Industrial Production Up by 9.5% in June 2024
The Overall IPI in June 2023 decreased by 3.0% compared with the corresponding index in June 2022.
![Social Security Fund Employee Arrested for Demanding Bribe](https://www.ot.gr/wp-content/uploads/2024/08/cash-600x338.jpg)
Social Security Fund Employee Arrested for Demanding Bribe
Police said woman, 49, was nabbed 'red-handed' after receiving a folder filled with 4,000€, ostensibly to 'facilitate' the issuance of a disability pension
![Greek Road Tourism Booms, Eyeing Record 2024](https://www.ot.gr/wp-content/uploads/2024/08/gps-navigator-in-the-car-P3ACQVK-1-600x364.jpg)
Greek Road Tourism Booms, Eyeing Record 2024
The Kipoi (Kipi) border station recorded the highest absolute increase, with 457,000 arrivals, an increase of 115,000 or 33.5%.
![Greek Doctors Issue Safety Advice for Vacationers](https://www.ot.gr/wp-content/uploads/2024/08/shutterstock_1061985551-2048x1365-1-600x400.jpg)
Greek Doctors Issue Safety Advice for Vacationers
The Athens Medical Association offers tips to prevent accidents and health problems during the summer holidays.
![Deadline for Self-Employed Professionals to Register for Inter-Bank Payment System Pushed Back a Few Days](https://www.ot.gr/wp-content/uploads/2024/08/vat-2048x1536-1-600x450.jpg)
Deadline for Self-Employed Professionals to Register for Inter-Bank Payment System Pushed Back a Few Days
Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday
![Capital Economics: Greek GDP Boosted by Tourism](https://www.ot.gr/wp-content/uploads/2024/07/02tourismos10-600x375.jpg)
Capital Economics: Greek GDP Boosted by Tourism
The independent economic research business based in London appears reassuring regarding the effects of climate change on tourist activity.
![Int’l Students Will Soon Need ETIAS for Stays in Europe](https://www.ot.gr/wp-content/uploads/2024/08/shutterstock_620538449-2048x1365-1-600x400.jpg)
Int’l Students Will Soon Need ETIAS for Stays in Europe
Starting next year, foreign nationals planning to study in Europe will be required to present ETIAS approval for entry and short-term stays.
![Ice Cream in Greece Among Europe’s Costliest](https://www.ot.gr/wp-content/uploads/2024/08/ice-cream-@OT-600x400.jpg)
Ice Cream in Greece Among Europe’s Costliest
Ice cream in Greece is becoming a costly pleasure with a liter selling for at least 3.7 euros in 2023, among Europe's most expensive.
![Eurobank Completes Public Offer for Full Acquisition of Hellenic Bank](https://www.ot.gr/wp-content/uploads/2024/08/eurobank-1-600x373.jpg)
Eurobank Completes Public Offer for Full Acquisition of Hellenic Bank
Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.