LONDON/SOFIA (Reuters) - Power traders in at least four countries have reduced or halted electricity exports to Greece due to non-payments, helping to force market prices sharply higher in a potential blow to struggling industries and raising the risk of blackouts during the tourist season.
With Greece deep in crisis, power grid operator LAGHE owes foreign and domestic suppliers 327 million euros (263 million pounds), a court document obtained by Reuters showed, as its revenue falls due to the recession and a refusal by many Greeks to pay their bills.