Greece: Three of eight large industrial consumers will leave PPC

, SEE Energy News

PPC dominates the high-voltage electricity market with a 97 percent share, but this figure could drop considerably if industrial consumers reach agreements with new suppliers. Cement producers AGET Heracles and TITAN, as well as Macedonian Paper Mills (MEL), are the three industrial consumers involved in talks with independent suppliers for high-voltage contracts.

All three have never before held contracts with any other electricity supplier, but their shifts away from PPC now appear highly probable. Such a development would signal the start of competition in Greece’s high-voltage electricity market.

Lower wholesale prices, which have widened profit margins, as well as lower natural gas prices lowering generation costs at gas-fired power plants operated by independent producers, are key factors behind the likely shifts of industrial consumers to independent suppliers.