Government spokesperson Sophia Voultepsi welcomed the Public Power Corporation (PPC) unions’ decision to end their strike and return to work.

“When democracy works, everything is solved,” Voultepsi told Ant1 TV channel.

She also said that the privatisation of “small PPC” was a demand of the European Union and she underlined that it was a loss making public company which needed funds in order to develop.

“When a company does not have the funds to get modernized, to develop its infrastructure and find money, then it has no other option,” she said, adding that otherwise the company would be doomed.

The government spokesperson also said that there would be no impact on consumers as tariffs would remain the same.

Four months after the privatisation, consumers will be able to choose the electricity company they prefer depending on the incentives offered, Voultepsi said adding that the sharing of consumers between “small PPC” and “large PPC” will be based on a random sample, while the price per kWh rests with the independent Energy Regulatory Authority.