Greece's power regulator calls emergency meeting to avert collapse

Greece's power regulator calls emergency meeting to avert collapse

Greece's power regulator RAE said on Friday it was calling an emergency meeting next week to avert a collapse of electricity and natural gas system. “RAE is taking crisis initiatives throughout next week,” the regulator's chief Nikos Vasilakos told Reuters. The decision was taken after RAE received a letter from Greece's natural gas company DEPA. It reportedly threatened to cut supplies to electricity producers if they failed to settle their arrears with the company.