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    PPC   GRS434003000

PUBLIC POWER CORPORATION S.A.

(PPC)
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Public Power S A : EU okays Greek measures allowing PPC rivals access to electricity

09/10/2021 | 04:55am EDT

BRUSSELS, Sept 10 (Reuters) - EU competition regulators on Friday gave the green light to Greek measures allowing rivals of PPC access to electricity after an investigation found that the Greek power utility's exclusive access to lignite-fired generation gave it an unfair advantage.

The European Commission said PPC will sell quarterly forward electricity products on the organised exchanges of the European Energy Exchange (EEX) and the Hellenic Energy Exchange (HEnEx), allowing PPC rivals to source wholesale electricity on the forward market and hedge against price volatility.

PPC will obtain a net seller position on EEX and/or HEnEx, ensuring that sufficient volumes of wholesale electricity are made available to competitors.

The EU antitrust enforcer said the proposed remedies will lapse when existing lignite plants stop operating commercially, currently expected by 2023 or at the latest by December 2024. (Reporting by Foo Yun Chee)


© Reuters 2021
All news about PUBLIC POWER CORPORATION S.A.
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Analyst Recommendations on PUBLIC POWER CORPORATION S.A.
More recommendations
Financials
Sales 2021 4 712 M 5 479 M 5 479 M
Net income 2021 110 M 128 M 128 M
Net Debt 2021 3 287 M 3 823 M 3 823 M
P/E ratio 2021 29,1x
Yield 2021 -
Capitalization 2 158 M 2 511 M 2 509 M
EV / Sales 2021 1,16x
EV / Sales 2022 1,22x
Nbr of Employees 13 190
Free-Float 48,9%
Chart PUBLIC POWER CORPORATION S.A.
Duration : Period :
Public Power Corporation S.A. Technical Analysis Chart | PPC | GRS434003000 | MarketScreener
Technical analysis trends PUBLIC POWER CORPORATION S.A.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 9,30 €
Average target price 13,32 €
Spread / Average Target 43,2%
EPS Revisions
Managers and Directors
Georgios Stassis Chairman & Chief Executive Officer
Alexandridis Konstantinos Chief Financial Officer
George Venieris Independent Non-Executive Director
Despina Doxaki Independent Non-Executive Director
Stephanos Theodoridis Independent Non-Executive Director
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