News

Electricity supplier switching in Greece nearly doubles in 2019

Electricity supplier switching Greece 2019

Photo: Pixabay/martinasky97

Published

August 14, 2020

Country

Comments

0

Share

Published:

August 14, 2020

Country:

Comments:

0

Share

Electricity supplier switching in Greece in 2019 jumped 89% against 2018, reflecting growing consumer confidence in independent suppliers and the effectiveness of discounts and other offers designed to attract customers.

Slightly over 576,000 consumers, or 8.5% of the total number, switched their supplier last year, compared with 4.51% in 2018, according to Greek energy news portal energypress, which cited data from the country’s Regulatory Authority for Energy (RAE). The total number of electricity consumers in Greece is about 6.78 million.

State-controlled power utility PPC remains dominant in the market despite increasing competition

Competition in the Greek electricity market appears to be intensifying, energypress noted, recalling that a total of 24 independent suppliers are currently active in the country.

Even so, state-controlled utility Public Power Corporation (PPC) remained dominant in 2019, with 83.95% of all consumers in Greece, supplying 27.7 million MWh of electricity and commanding a 71.13% share of overall electricity consumption.

Households led the way in switching electricity suppliers in 2019

In 2019, households showed the highest degree of mobility, followed by businesses and industrial customers (mid and high-voltage consumers), according to the RAE report. In the mid-voltage category, 834 business and industrial consumers, or 9.19% of the total number, switched their electricity suppliers in 2019.

Independent supplier Protergia, a member of the Mytilineos group, was ranked second in terms of the total number of customers in 2019, supplying to 181,232, followed by Elpedison, with 171,143 customers, Heron (140,812), Watt & Volt (127,364), Zenith (73,968), Volton (69,688), NRG (52,961), Fysiko Aerio (39,881), Volterra (35,748) and KEN (33,997), the report showed.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

France-EDF-sells-Europe-first-green-bonds-nuclear-energy

France’s EDF sells Europe’s first green bonds for nuclear energy

01 December 2023 - French state-owned power utility EDF raised EUR 1 billion for nuclear energy through a green bond issue, the first of its kind in Europe

Greece launch first guarantees origin auction early January

Greece to launch first guarantees of origin auction in early January

30 November 2023 - The first guarantees of origin of electricity in Greece are reportedly planned to be auctioned in the first half of January

HEP-EL-TO-zagreb-new-unit-cogeneration

Croatia’s HEP starts up new unit at cogeneration plant in Zagreb

30 November 2023 - The new unit is HEP's largest investment in new generation facilities in the last ten years, and it will replace outdated units

montenegro-solar-wind-eu-green-steel

Montenegro on track to add 4 GW of solar and wind, seeks EU support for green steel roll-out

29 November 2023 - Montenegro's strategic goals include renewable energy, smart electricity metering, but also green steel production