Commission sends Supplementary Statement of Objections to PPC over predatory pricing in the Greek wholesale electricity market

The European Commission has sent a Supplementary Statement of Objections to the Greek electricity provider Public Power Corporation S.A. ('PPC'). This is a further step in the Commission's ongoing investigation on whether PPC breached EU antitrust rules by selling electricity in the Greek wholesale market below cost between 2013 and 2019, thereby excluding its main competitors at the time. It follows a Statement of Objections sent in February 2024 detailing the Commission's competition concerns.

PPC is the largest supplier of retail and wholesale electricity in Greece and, during the period concerned, controlled all lignite and hydropower capacity in the country. The Supplementary Statement of Objections sent today mainly provides further details on the methodology applied by the Commission to assess the extent to which electricity was supplied by PPC at prices below cost during the period concerned.

The sending of a Supplementary Statement of Objections does not prejudge the outcome of the investigation. PPC now has the possibility to reply to the Commission's concerns.

More information is available on the Commission's competition website, in the public case register under the case number AT.40278.