The recently formed gas distribution company EDA THESS, established to serve the wider Thessaloniki and Thessaly regions, is swiftly emerging as a formidable market player providing the most attractive offers and enjoying rapid growth and robust financial results. Business and political figures, including local authorities, visiting the company’s booth at the ongoing Thessaloniki International Fair all agreed that the company has made an impressive market entry.
Aiming to increase natural gas’s market penetration, EDA THESS was launched as a fully independent natural gas network operator for the wider Thessaloniki and Thessaly regions on December 30, 2016.
The company’s impressive strategic planning promises to ensure sustained growth in the future, pundits believe.
Since the launch of their development 16 years ago, the natural gas networks of Thessaloniki and Thessaly have attracted 54 percent of the total population in these regions, well above levels reached by other European countries. In France and Germany, for example, the gas market’s penetration has not yet reached 50 percent.
EDA THESS aims to increase this gas market penetration level to 58 percent by 2021.
Despite having to deal with adjusting to a new market framework, EDA THESS managed to increase its new connections by 60.3 percent in the first half of 2017, compared to the equivalent period a year earlier. Also in the first half this year, the company registered a 28 percent increase in the amount of natural gas distributed.
The company, according to its development strategy, plans to invest 97 million euros on network and infrastructure development between 2017 and 2021, the objective being to increase the network’s coverage by 20 percent through extensions of existing lines as well as development of new ones. The initiave aims to attract a further 61,000 households to the gas network operated by EDA THESS.