Appearing to have avoided the worst in a slowdown of electricity bill payments by customers, power utility PPC, whose revenue figures have gradually recovered to approach pre-pandemic levels, is now striving to offer its first of two securitization packages, a small-scale version concerning unpaid receivables of up to 60 days, in June.
PPC has yet to decide whether this package, which could rake in approximately 200 million euros for the utility, will be offered concurrently with a bigger, higher-risk securitization package containing unpaid receivables of more than 90 days. Its revenue potential for PPC is estimated at 300 million euros.
Regardless of when PPC decides to offer its large-scale securitization package, the smaller version will definitely go ahead as soon as possible, within June, if this is feasible, energypress sources informed.
Market sentiment will be instrumental in PPC’s decision. Fluctuating stock markets over the past few months have spooked the investment community. Global market indices have been at the mercy of breakthrough prospects for a coronavirus vaccine.
The resulting insecurity is expected to subdue price levels investors will be prepared to offer PPC for its large-scale, higher-risk securitization package. PPC already feels more comfortable about moving ahead with the small-scale securitization package of lower-risk, short-term unpaid receivables, less susceptible to market conditions.