Revenues from energy sales increased by 8.2%, from E3.31 billion in the first nine months of 2006 to E3.58 billion in the first nine months of 2007, as a result of an increase in the volume of sales of 2.7%, and of annualized average tariff increases of 4.8% in August 2006 and 3.6% in 2007 (April and August).
Total operating expenses (excluding depreciation) increased by 9.7%, from E2.97 billion in the first nine months of 2006 to E3.23 billion in the first nine months of 2007, an increase attributed largely to an increase in expenditure for natural gas and energy purchases.
Takis Athanasopoulos, chairman and CEO of Public Power Corporation (PPC), said: In 2007 we have continued the intensification of our efforts for internal financial discipline through the containment of directly controllable costs and the policy of recovering doubtful claims bears encouraging results. Thus, other operating expenses of the company decreased by E30 million approximately, a reduction of 6.7%, compared to the corresponding period of the previous year.
