Electricity demand in the household and business categories fell for a fourth consecutive month in October, plunging 9.25 percent compared to the equivalent month a year earlier, power grid operator IPTO’s monthly report has shown.
This downward trend highlights the efforts being made by anxious consumers to keep their energy costs down. At this rate, Greece appears to be on target to achieve the country’s energy-saving goals.
Electricity demand had fallen 3.27 percent in September, 13.17 percent in August, and 11.78 percent in July.
In terms of quantity, electricity demand fell to 3,604 GWh last month from 3,971 GWh in October, 2021, according to the IPTO report.
Domestic electricity production also dropped sharply last month, falling 22.94 percent compared to October, 2021, to 3,155 GWh.
Market shares of electricity retailers also changed. Power power PPC’s market share dropped below 60 percent for the first time in months, reaching 56.73 percent, down from 60.81 percent in September.
Protergia, a member of the Mytilineos group, gained from PPC’s loss, its market share climbing, for a second consecutive month, to 12.88 percent from 8.77 percent in September.
Heron maintained third place with a 7.31 percent market share, followed by Elpedison (6.50%), NRG (4.66%), Fysiko Aerio (2.32%), Volterra (2.29%), Watt & Volt (1.93%), Zenith (1.87%) and Volton (1.04%).