PPC’s market share dropped in September – Greece, 20 October 2017

According to data from Greek electricity market operator LAGIE, retail market share of state-owned Public Power Corporation (PPC) dropped to 83.56 % in September , compared to 85.55 % market share in August 2017. PPC already missed the end of 2016 target share of 87.24 %, to which the company was obliged in accordance with the bailout agreement signed with Greece’s creditors. It will also miss the 2017 target as PPC will unlikely reduce its market share to 75.24 % before the end of the year.
The bailout agreement envisages that the share of PPC in the retail electricity market is reduced below 50 % by 2020. PPC is expected to lower its market share to 75.24 % at the end of 2017, 62.24 % at the end of 2018 and 49.24 % before the end of 2019.

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