Public Power Corporation saw its market share falling to 88.07 pct in September

Public Power Corporation saw its market share falling to 88.07 pct in September, from 89.83 pct in August, moving closer to achieve a goal of reducing PPC’s market share to 87.24 pct by the end of 2016.

This development is expected to be achieved without the contribution of lignite and hydro-electric production auctions starting next week with the aim to speed up the deregulation of the Greek electricity market.

The final goal is to reduce PPC’s market share below 50 pct by 2020, with intermediate goals market share of 75.24 pct in December 2017, 62.24 pct in December 2018 and 49.24 pct in December 2019.

The first auction will be held next Tuesday, 25 October for a quantity of 460 MWh, with more auctions expected in the coming years.

Heron (3.14 pct), Protergia (2.98 pct) and Elpedison (2.52 pct) recorded the biggest market shares after PPC in September.

Demand for electricity power fell 2.34 pct in the January-September period, reflecting a significant decline in consumption (-7.2 pct) by households and small- and medium-sized enterprises. On the other hand, demand for medium voltage electricity grew 6.52 pct and demand for high voltage power rose 9.64 pct in the nine-month period.