The recent announcement by the Public Power Corporation (PPC), prompted by the dismantling of the excavators at Mavropigi, stands as a monument to provocation, administrative arbitrariness, and a blunt admission, PASOK asserts in a statement.
First: PPC has cast itself as the System Operator. It assures us with the certainty of infallibility that “Ptolemaida 5” is not necessary for the stability of the grid.
And we ask: Who exactly assigned it this role? Because ADMIE—the only institution with the legal authority to do so—has requested in writing that the government extend the plant’s operating life, precisely because of the risk of a blackout.
PPC, therefore, is stepping in for the Transmission System Operator, stepping in for the government, and making the final call on the country’s energy security. In fact, it is “certain” that the plant will “never” be needed. Apparently, it also possesses prophetic abilities—otherwise, there is no explanation for why it fails to foresee the war in the Middle East, the closed pipelines, and the global turmoil in energy prices.
Second: PPC has made a cynical admission. It estimates that the cost of emissions, at current prices, stands at 92€/MWh. By how much, one wonders, does this increase the total wholesale cost of production? We estimate that it does not exceed €140. The memory of the 2022–2023 period is still fresh, when we experienced prices that reached €450/MWh, with the wholesale price remaining well above €150 for a year and a half.
Using its own figures, then, PPC bluntly admits that if the plant had been operational at that time, Greek consumers would have saved millions of euros. And it is, of course, noteworthy that PPC found the time to analyze the cost of emissions, yet has still not provided any response to our announcement of June 22, 2026, in which—based on its own presentations to investors and the Goldman Sachs report— we demonstrated that there is clear room for lower electricity bills. On this issue, which affects every household’s budget, the answer remains absent.
As we already warned in our announcement in April 2026, this amounts to a premeditated energy disarmament. The Mitsotakis government and the PPC administration insist, with admirable consistency, on tying the country to the chariot of imports and contractor interests, playing with citizens’ safety as if it were a game. And if the gas valves are shut off tomorrow, who will take responsibility? The PPC, which acted as the operator, or the government, which remains silent?
The country’s energy security is not a matter for corporate press releases. It is a national responsibility, he concludes.