The European Commission accepted commitments from Greece requiring Public Power Corporation (PPC), the state-owned electricity incumbent, to maintain a fixed net seller position for electricity baseload futures on certain energy exchanges in order to address competition concerns raised by exclusive access to lignite-fired electricity generation. Key takeawaysIn some circumstances, EU Member States can breach competition law when they grant special or exclusive rights to public undertakings.The commitments accepted by the European Commission require PPC to supply a minimum volume of electricity on to the wholesale market on a quarterly basis, corresponding to between 40-50% of the volume of energy produced
The EU Commission approves Greek commitments requiring the state-owned electricity incumbent to maintain a fixed net seller position for electricity baseload futures on certain energy exchanges to address competition concerns (PPC)
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