Electricity demand up 3.8% in first half, indicating improved Greek economy

Domestic electricity demand has increased by 3.8 percent in the first half of 2019 compared to the equivalent period a year earlier, indicating an improved Greek economy, latest power utility PPC figures have shown.

PPC’s total turnover increased by 94 million euros, or 4.3 percent, in the first half, despite a 4.6 percent, or 921 GWh, reduction in sales as a result of the utility’s retail market share loss, from 83.2 percent in the first half last year to 77.1 percent in the first half this year, the utility’s first-half results showed.

The power utility’s total turnover increase was attributed to the increased local demand for electricity; a partial recovery of CO2-related expenses from mid and high-voltage electricity sales; and a reduction of PPC’s punctuality discount from 15 to 10 percent as of April 1, 2019, it noted.