PPC Group

What PPC Group does

PPC Group is Greece's largest integrated power utility company, founded in 1950 as a state-owned enterprise and listed on the Athens Stock Exchange (ticker: PPC). The company operates across the full electricity value chain — generation, transmission, distribution, and supply — and serves residential, business, and shared-area (condominium) customers in Greece, with growing operations in Romania, Bulgaria, and Italy. Core technology assets include a 2.13 GW completed solar PV portfolio in Western Macedonia built on former lignite mining sites, battery energy storage systems (up to 1,500 MW / 3,000 MWh in JV with Metlen), EV charging infrastructure (PPC Blue with 600+ points via Dedeman), smart metering, and fiber-to-the-home broadband covering over 1.1 million households (expanding to 1.6 million via the Vodafone Greece JV). The company is also developing a 300 MW data center project through a JV with EDGNEX Data Centers, positioning itself as a regional digital infrastructure hub.

PPC's business model is multi-stream and increasingly diversified. Recurring revenue comes from electricity supply (myHome and myBusiness product lines with fixed, dynamic, and floating-rate tariffs), natural gas supply (myHome GasControl, GasBenefit), fiber broadband (PPC Fiber 500 Mbps / 1 Gbps / 2.5 Gbps), and value-added subscriptions (FixIt at €1.95/month, GreenPass at €0.95/month, bluePass EV charging). One-time / non-utility revenue includes the Kotsovolos electronics retail chain (acquired for €200 million from Currys in April 2024) and infrastructure-scale solar, BESS, and data center projects. Go-to-market spans enterprise field sales for large businesses and municipalities, 24/7 phone customer service, physical retail stores including the Kotsovolos chain, digital self-service via the myDEI app and e-Contract onboarding, and loyalty partnerships with AEGEAN Miles+Bonus. The Greek state retains a 33.4% stake following a €4 billion capital raise completed in May 2026 as part of PPC's €24 billion 2030 strategic plan.

Name

PPC Group

Legal name

Δημόσια Επιχείρηση Ηλεκτρισμού Ανώνυμη Εταιρεία

Website

https://dei.gr

Company type

Public

Founded year

1950

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

PPC Group is Greece's largest integrated power utility, founded in 1950 and majority state-owned. It supplies electricity, natural gas, fiber broadband, EV charging, and renewable energy to residential, business, and municipal customers across Greece and Southeast Europe.

Ownership category

akta.pro rank

Product category

Electric Utilities

NAICS

Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Utility-Scale Generator PPAs (Project Offtake) (EUAGADAB)

akta.pro secondary industries

Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI), C&I PPAs & Virtual PPAs (VPPA) Origination & Management (EUAGACAF), PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)

Keywords

• Electricity supply services
• Natural gas distribution
• Renewable energy generation
• Fiber broadband internet
• EV charging infrastructure

Headquarters

HQ city

Athens

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Supply: Core revenue from electricity generation, transmission, and supply to residential, business, and industrial customers across Greece. PPC offers multiple electricity products including fixed-rate (myHome Plan, myHome Enter), dynamic pricing (myHome Dynamic), and special tariffs for students, agricultural, and shared areas.
2. Natural Gas Supply: Natural gas supply services for residential and business customers, including fixed-rate products (myHome GasControl) and flexible options (myHome GasBenefit).
3. Renewable Energy Generation: Revenue from solar PV generation from the 2.13 GW solar portfolio in Western Macedonia, Greece. Projects include the 550 MW Phoebe plant and battery storage facilities on former lignite mining sites.
4. Retail (Kotsovolos): Revenue from Kotsovolos electronics and electrical goods retail chain acquired for EUR 200 million from Currys Plc. Kotsovolos operates stores offering bundled deals with PPC electricity products.
5. EV Charging Services: Revenue from PPC Blue subsidiary operating public and home EV charging infrastructure. Services include bluePass home charger subscriptions and public charging network access.
6. Fiber-to-the-Home (PPC Fiber): Broadband internet services via fiber optic network offering 500 Mbps, 1 Gbps, and 2.5 Gbps plans. Includes bundled offers with electricity products.
7. Battery Energy Storage: Revenue from BESS projects developed through JV with Metlen in Romania, Bulgaria, and Italy. Projects support grid stability and renewable integration.
8. Energy Solutions Services: Solar panel installation services (myEnergy Solar), heat pump solutions, and technical services like FixIt, GreenPass, and ElectricianPass subscriptions.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels5 records

Core offering

PPC Group is Greece's largest integrated power utility, generating, transmitting, distributing, and supplying electricity and natural gas to residential and business customers. The company also sells fiber-to-the-home broadband, operates EV charging networks (PPC Blue), provides solar PV and heat pump installation services, and sells electronics through the acquired Kotsovolos retail chain.

Product overview

PPC Group operates a multi-product energy platform serving residential, business, and shared-area customers in Greece. The core offering centers on electricity supply products (myHome and myBusiness product lines with fixed, dynamic, and floating-rate options) and natural gas products, supplemented by fiber optic internet (PPC Fiber), EV charging (PPC blue), and energy solutions (photovoltaic systems, heat pumps). The product portfolio includes consumer add-on services (FixIt home assistance, GreenPass sustainability, bluePass EV charging, myRewards loyalty) and business solutions (SolarPro, GreenPassPro), all accessible through the myDEI digital platform and e-Contract service. The company also operates retail (Kotsovolos) and data center businesses, with recent expansion into renewable energy (solar parks) and battery storage.

Differentiator

Problem solved

Functional benefit

Products and services

• PPC myHome Plan Fixed electricity product for households with stable monthly rate and loyalty benefits including AEGEAN Miles+Bonus miles, Kotsovolos discounts, and efood vouchers.
• PPC myHome Maxima Fixed electricity product for high-consumption households with two pricing tiers and exclusive benefits including ComfortFlex discounts and Kotsovolos offers.
• PPC myHome EnterTwo Dual-zone electricity product offering differentiated pricing during normal and reduced-rate periods with 24-month fixed rate.
• PPC myHome Enter Fixed electricity product with stable supply charges and no unexpected billing surprises. Includes free GreenPass for the first 2 months.
• PPC myHome Dynamic Dynamic electricity product with real-time daily pricing updates for next-day hourly rates, requiring smart meter integration.
• PPC myHome 4All Floating-rate electricity product for any household, offering free GreenPass for the first 4 months and access to PPC myRewards Coupons.
• PPC myHome 4Students Electricity product designed for students with fixed low supply rates for the first 150 kWh, free summer month fixed fees, and exclusive student discounts.
• PPC myHome 4All OneRate Single-rate electricity product with unified pricing regardless of consumption level, including a fixed fee discount after 6 months with an active myDEI account.
• PPC myHome Online Fully digital electricity product with fixed supply charges and electronic monthly billing for streamlined management.
• PPC myHome GasControl Fixed natural gas product with stable pricing to protect against market volatility. Includes zero security deposit for new customers.
• PPC myHome GasBenefit Flexible natural gas product without exit penalties, allowing customers to switch providers without financial consequences.
• PPC Fiber 500Mbps Fiber optic internet service providing 500 Mbps stable connection with free installation and free Wi-Fi 6 router.
• PPC Fiber 1Gbps High-speed fiber optic internet service providing 1 Gbps connection ideal for demanding usage, with free installation and Wi-Fi 6 router.
• PPC Fiber 2.5Gbps Ultra-fast fiber optic internet service providing 2.5 Gbps connection for the ultimate home internet experience.
• PPC myEnergy Solar Comprehensive photovoltaic system solutions for residential properties, offered through SolarNet (purchase with up to 24 interest-free installments) and SolarSmart (no upfront cost, payment based on energy generated at fixed rate for 10 years).
• PPC myEnergy HeatPump Heat pump solutions using Novair technology for residential heating with 0% deposit and up to 72 installments via National Bank.
• FixIt Emergency technical assistance service covering electrician, plumber, and locksmith services 24/7 year-round. Coverage up to EUR 100 per technician visit at EUR 1.95/month.
• FixItDual Enhanced emergency home assistance covering four specialties: electrician, plumber, locksmith, and gas appliance technician at EUR 2.30/month.
• FixItBnB Emergency home assistance service designed for short-term rental properties (Airbnb-type accommodations), providing 24/7 urgent repair for four specialties at EUR 7.40/month.
• bluePass Electric vehicle charging service providing the first 50 kWh monthly at all public PPC blue chargers, plus bonus 50 kWh for home charging. Includes 15% discount on home charger purchase.
• GreenPass Green energy add-on service offering sustainable energy certificates and exclusive sustainability-focused offers. Priced at EUR 0.95/month with first 2 months free.
• PPC myBusiness Enter Fixed electricity product for small businesses offering stable supply charges with transparent billing and access to VideoCall and LiveChat support.
• PPC myBusiness 4All Standard electricity product for small businesses with competitive pricing.
• PPC myBusiness 4All+ Enhanced electricity product for small businesses with additional benefits.
• PPC myBusiness Dynamic Dynamic electricity product for businesses with daily next-day hourly rate updates and specialized customer service.
• PPC myHotel SmartRate Specialized electricity product for hotels with tailored pricing based on hospitality industry needs.
• PPC myEnergy SolarPro Comprehensive photovoltaic solutions for small and medium-sized businesses, offered through SolarNetPro (purchase with installments) and SolarSmartPro (no upfront cost, fixed rate for 10 years).
• GreenPassPro Green energy add-on for business customers offering sustainability certificates and exclusive business-focused sustainability offers, with first 3 months free.
• FixItPro Professional emergency home assistance service for business customers.
• Kotsovolos Major Greek retail chain for electronic and electrical goods, acquired by PPC Group from Currys Plc in April 2024 for EUR 200 million. Operates physical retail stores and offers exclusive discounts to PPC customers.

Quantifiable outcome

• 20% guaranteed annual decrease in electric cost with myEnergy SolarSmart
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature5 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• DedemanminorStrategic or Co-development Partner · 19 June 2026PPC Blue subsidiary partnered with Romanian DIY store chain Dedeman to install more than 600 EV charging points at Dedeman locations across Romania. Charging infrastructure deployed at stores and logistics centers.
• Vodafone GreececoreStrategic or Co-development Partner · 10 June 202650:50 joint venture combining fiber-to-the-home networks covering more than 1.6 million homes and businesses across Greece. Pending due diligence and final agreement. Represents major infrastructure investment in Greek broadband expansion.
• Metlen Energy & MetalscoreStrategic or Co-development Partner · 5 March 202650/50 joint venture for developing battery energy storage system (BESS) projects totaling up to 1,500 MW / 3,000 MWh across Romania, Bulgaria, and Italy. Projects use two-hour liquid-cooled LFP battery technology, with 1,000 MW expected within 12 months. Supports grid stability and renewable energy integration for both companies.
• EDGNEX Data CenterscoreStrategic or Co-development Partner · 6 December 2024$150 million joint venture through Data In Scale for data center development in Greece. Project aims to support Greece's digital transformation and enhance its position as a prominent IT hub in Southeast Europe.
• AEGEAN Airlines (Miles+Bonus)coreGTM or Marketing PartnerLoyalty rewards partnership where PPC customers earn Miles+Bonus miles by activating electricity products and paying bills. Customers receive 30% benefit on miles redemption. Miles can be earned through various product activations and redeemed for travel rewards.
• Saudi Telecom (STC)minorStrategic or Co-development PartnerPartnership for East to Med data Corridor (EMC) fiber-optic cable project connecting Saudi Arabia to Greece via Mediterranean. STC committed $800 million investment in Syrian telecommunications infrastructure for the project route. Alcatel Submarine Networks contracted for construction.
• QUALCOminorImplementation/ SI/ Consulting PartnerSecuritization management partner for receivables from electricity supply contracts. QUALCO provides debt collection and management services for the securitization program involving PPC ENERGY FINANCE DAC.
• CargeminorStrategic or Co-development PartnerE-mobility startup acquired by PPC in 2022 to enhance electric vehicle charging network. Acquisition aimed at addressing range anxiety among EV users by integrating Carge's digital platform.
• PPC RomaniaminorStrategic or Co-development PartnerFounding partner in Future LAB program, a Romanian national innovation and technology transfer initiative bridging laboratories and industry. Analysis conducted by Social Innovation Solutions with founding partner PPC Romania and main partner BCR.

Scale indicators11 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• CEZ Group: Czech vertically integrated utility with renewable buildout across Central and SE Europe. Comparable in operating model — generation, distribution, supply, and retail energy services with regional expansion ambitions.
• Terna Energy SA: Greece's other listed renewable energy platform with wind, hydro, and solar generation across SE Europe. Direct domestic peer competing for renewable assets and PPAs in the same geography.
• Enel SpA: Vertically integrated European utility with leading renewable generation, retail electricity supply, fiber, and EV charging — directly comparable business model to PPC's convergence strategy. Enel previously operated in Romania (Enel Romania), which PPC acquired in 2023.

Broad incumbents

• E.ON SE: German integrated utility with European distribution networks, retail energy supply, and energy solutions. Comparable as a broad incumbent operating distribution, retail, and digital energy services across multiple European markets.
• EDP - Energias de Portugal: Iberian vertically integrated utility with significant renewable generation footprint and retail supply operations. Comparable integrated model with similar renewables-to-retail convergence strategy.
• Iberdrola SA: Global renewable-energy leader and vertically integrated utility. Comparable in renewables scale and integrated utility model, though substantially larger and more geographically diversified.
• ENGIE SA: French multinational utility with renewables, networks, and retail energy services across Europe. Comparable as a broad incumbent utility executing energy transition, though at much larger scale.
• RWE AG: German utility with major renewable energy buildout across Europe. Comparable in transitioning from conventional generation to renewables-led model, with adjacent retail and BESS operations.
• Verbund AG: Austrian renewable-heavy utility with hydro generation and cross-border European electricity operations. Comparable in renewable-led generation profile and European wholesale/retail integration.

Regional players

• Motor Oil Hellas: Major Greek energy company primarily in refining with growing renewable and power generation. Domestic peer in the Greek energy landscape with comparable scale and Southeast European energy exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/dei_gr

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PPC Group