Households cut back on power use, overall demand higher

Electricity demand in the household and business low-voltage category fell for a second consecutive month in May, as consumers seek to limit their energy costs, data in a latest monthly report announced by power grid operator IPTO have shown.

However, overall electricity demand increased by 2.68 percent in May, compared to April, a development attributed to a rebound in consumption in the hospitality and entertainment sectors following the lifting of lockdown restrictions, as well as higher temperatures, the IPTO data showed.

As for retail market shares, power utility PPC remained dominant in May, maintaining a share of approximately 64 percent share, held since the beginning of the year, according to the IPTO figures.

Mytilineos registered a 7.19 percent share in May, Heron’s share was 6.57 percent and Elpedison’s captured a 6.26 percent share. They were followed by NRG (4.23%), Volterra (2.08%), Fysiko Aerio (2.05%), Watt & Volt (2.01%), Zenith (1.73%) and Volton (1.35%).