Large Companies and DEYAs Default on Electricity Payments

The largest increase in overdue payments in 2024 was observed among large commercial consumers and Municipal Water Supply and Sewerage Companies (DEYAs). As reported by newsit.gr on Friday, May 16, 2025, these debts reached nearly €3.4 billion, causing concern in the electricity market. According to data published by RAAEV, within one year, the debts in the Medium Voltage category, which includes large businesses and small industries, surged from €115 million to €514 million. A significant rise was also noted in the Other Low Voltage Consumers category, increasing from just €1 million in 2023 to €440 million in 2024, primarily comprising DEYAs’ debts. Collectively, these two categories account for approximately €750 million of the €1 billion increase in overdue payments. However, last December, YPEN enacted a legislative provision subsidizing DEYAs’ debts by €200 million, covering debts accumulated until October 31, 2024. Thus, nearly half of this category’s debts are essentially fictitious. Nonetheless, despite being recoverable due to their public status, the overall number of overdue payments remains excessively high. It appears that suppliers’ commercial policies in the Medium Voltage sector were risky, now backfiring as they face substantial debts they must manage. Unlike with DEYAs, where only partial recovery is anticipated, this issue doesn’t apply. Additionally, the Medium Voltage category is a highly competitive market segment with more dispersed supplier shares compared to Low Voltage.