Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Greece
  4. ATHENS STOCK EXCHANGE
  5. Public Power Corporation S.A.
  6. News
  7. Summary
    PPC   GRS434003000

PUBLIC POWER CORPORATION S.A.

(PPC)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Public Power S A : Greece ffers power bill subsidies to help households with rising energy cost

09/14/2021 | 06:15am EDT

ATHENS, Sept 14 (Reuters) - Greece will offer subsidies to the majority of Greek households by the end of the year to make energy costs more affordable amid rising gas prices, a government official said on Tuesday.

The scheme is part of relief measures Prime Minister Kyriakos Mitsotakis announced on Saturday to help Greeks deal with higher consumer prices.

"There is an international energy crisis," Energy Minister Kostas Skrekas told reporters. "Our government has decided to support those who have seen their bills bloating."

The government-funded mechanism, estimated to cost 150 million euros ($177 million), will include a 9 euros subsidy for the first 300 kilowatt hours consumed by Greek households a month, Skrekas said, adding the scheme would cover about 70% of the households.

An annual one-off payment by the government to low income earners to help them buy heating oil for the winter will be also increased by 20%.

Public Power Corp. (PPC), Greece's main electricity utility which is 51% owned by the state, will also offer bigger discounts to households to mitigate the increases.

($1 = 0.8465 euros) (Reporting by Angeliki Koutantou Editing by Mark Potter)


ę Reuters 2021
All news about PUBLIC POWER CORPORATION S.A.
10/20PUBLIC POWER S A : Resolutions of the Extraordinary General Meeting of the Shareholders of..
PU
10/19PUBLIC POWER S A : Greek power utility PPC gets shareholder approval for stake sale
RE
10/07PUBLIC POWER S A : RWE enters Greece via solar JV with Public Power Corp
RE
10/07RWE enters Greece via solar JV with Public Power Corp
RE
09/30PUBLIC POWER S A : Announcement - Regulated Information according to L. 3556/2007
PU
09/24State-Backed Funds in Greece May Cut Controlling Stake in PPC
CI
09/23PUBLIC POWER S A : Greece mulls lower stake in PPC, say state-backed funds
RE
09/23PUBLIC POWER S A : Macquarie named preferred bidder for stake in Greek power grid operator..
RE
09/23PUBLIC POWER S A : Capital Raising through Share Capital Increase for the funding of PPC G..
PU
09/23PUBLIC POWER S A : PPC GROUP H1 2021 Financial Results
PU
More news
Analyst Recommendations on PUBLIC POWER CORPORATION S.A.
More recommendations
Financials
Sales 2021 4 712 M 5 490 M 5 490 M
Net income 2021 110 M 128 M 128 M
Net Debt 2021 3 287 M 3 830 M 3 830 M
P/E ratio 2021 28,9x
Yield 2021 -
Capitalization 2 147 M 2 498 M 2 502 M
EV / Sales 2021 1,15x
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 9,26 €
Average target price 13,32 €
Spread / Average Target 43,9%
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
Sector and Competitors
1st jan.Capi. (M$)
PUBLIC POWER CORPORATION S.A.24.56%2 498
NEXTERA ENERGY9.42%165 612
ENEL S.P.A.-13.88%84 242
DUKE ENERGY CORPORATION13.35%79 842
IBERDROLA, S.A.-16.96%69 791
SOUTHERN COMPANY2.47%66 653