Bad news for Eastern Europe: electricity will be more expensive than in the West

Electricity prices in Southeastern Europe will continue to be higher for several years than in the center and west of the continent, for a number of reasons, one of which is the conflict on the Ukraine, both at the current stage of the conflict and in the subsequent recovery period. This is stated by Georgios Stassis, President and CEO of Public Power Corporation (PPC).

PPC is the largest energy company in Greece, in which the Greek state is the largest shareholder, owning more than 34% of the capital, and which acquired the Romanian operations and assets of the Italian Enel group in 2023.

He made such a statement at the Capital Markets Day 2025 conference, which was recently held in London and during which the PPC management presented the group's investment plan for the next 3 years. Stassis explained PPC's strategy to expand in the region, primarily in Romania, but also in Bulgaria, Macedonia and Croatia.

"We are taking a regional step by expanding into neighboring countries, all of which are united within the framework of the common European market, with physical interconnections linking them together. Countries with high growth potential, where renewable energy sources have not yet reached maturity, and the decommissioning of coal-fired capacities has not yet been completed. Moreover, in some of them it has not even started. These are countries that have interconnections with each other, which opens up significant opportunities for cross—border trade," said the head of the PPC.