Approximately 96,000 low-voltage consumers left power utility PPC for rival suppliers over a three-month period between April and June, 2020, market data released by distribution network operator DEDDIE/HEDNO has shown.
PPC is losing low-voltage connections at a rate of between 30,000 and 40,000 per month, the data showed.
In the third quarter last year, the power utility shed 2.4 percent of its 81.03 percent market share held in 2Q. This loss of PPC customers led to market share gains for all the independent players, the top five enjoying the biggest gains.
A total of 1.38 million low-voltage consumers had switched from PPC to independent suppliers by the end of the third quarter last year, the data showed. This essentially means that PPC was serving 5.39 million low-voltage consumers at the end of the third quarter.
Independent supplier Protergia, a member of the Mytilineos group, ranked first among the independent players in 3Q last year with a market share of 3.36 percent and 228,000 supply connections, the data showed.
Elpedison followed closely behind with a 3.24 percent share and 220,000 supply connections. Heron was ranked third among the independent players with a 2.63 percent share and 178,000 supply connections, followed by Watt & Volt with a 2.39 percent market share and 160,000 connections.
The DEDDIE/HEDNO also showed a large transfer of low-voltage consumers to the universal supply service offered by suppliers, by law, at higher tariffs, to households blacklisted for unpaid electricity bills.
A total of 146,000 universal service connections were recorded in 3Q last year. The market’s top five suppliers are required to offer this universal service to sidelined households.