Power utility PPC’s retail market share shrunk by over 5% in September, compared to a month earlier, contracting to 53.49% from 58.69%, a drop mostly attributed to a three-way agreement between independent supplier Heron, PPC and cement producer Titan.
For this agreement, PPC signed a 10-year power purchase agreement with Titan for energy generated at PPC power plants that involves Heron as a third-party supplier.
It resulted in PPC shedding some of its market share in the high-voltage market and Heron gaining major ground.
Heron’s high-voltage market share rose to 21.3% in September from 11.2% in August, while PPC’s share fell to 48.1% from 58.5%, according to data provided by power grid operator IPTO.
Watt+Volt was another gainer in the high-voltage market, its market share in this category rising to 15.3% in September from 12.5% in August. Elpedison’s high-voltage market share fell to 11.6% from 13.4%.As for the low-voltage category, PPC’s market share slipped to 63.1% in September from 65.1% in August, but suffered a steeper drop, to 33.9% from 39.1%, in the medium-voltage category.
