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    EOAN   DE000ENAG999

E.ON SE

(EOAN)
  Report
Delayed Xetra  -  05/16 11:41:00 am EDT
9.930 EUR   +0.36%
05/16UK Regulator to Update Energy Price Cap Quarterly
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05/13E.ON SE : Notification and public disclosure of transactions by persons
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05/13E.ON SE : Notification and public disclosure of transactions by persons
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UK Regulator to Update Energy Price Cap Quarterly

05/16/2022 | 01:41am EDT

By Jaime Llinares Taboada


U.K. regulator Ofgem said Monday that it intends to review the price cap on energy prices on a quarterly basis rather than every six months.

The energy watchdog said it will publish a minded-to consultation to change the price cap methodology. The changes would be implemented from October.

Ofgem said a more frequent price cap would better reflect wholesale energy prices and mean that customers would see benefits much sooner when prices fall from current record highs.

In addition, the change is also meant to help energy retailers predict how much energy they need to purchase, reducing the risk of bankruptcies.

"The last year has shown that we need to make changes to the price cap so that suppliers are better able to manage risks in these unprecedented market conditions," Ofgem Chief Executive Jonathan Brearley said.


Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT


(END) Dow Jones Newswires

05-16-22 0341ET

Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA PLC 3.61% 80.34 Delayed Quote.11.64%
E.ON SE 0.36% 9.93 Delayed Quote.-18.55%
ELECTRICITÉ DE FRANCE 1.34% 8.592 Real-time Quote.-16.82%
GOOD ENERGY GROUP PLC 0.00% 237.5 Delayed Quote.-2.06%
IBERDROLA, S.A. 0.98% 10.785 Delayed Quote.3.60%
SHELL PLC 1.48% 2337.5 End-of-day quote.44.13%
TELECOM PLUS PLC -0.13% 1578 Delayed Quote.-0.50%
WTI 1.11% 111.611 Delayed Quote.44.13%
YÜ GROUP PLC 0.00% 207.5 Delayed Quote.-7.78%
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05/16UK Regulator to Update Energy Price Cap Quarterly
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Analyst Recommendations on E.ON SE
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Financials
Sales 2022 78 982 M 82 170 M 82 170 M
Net income 2022 2 159 M 2 246 M 2 246 M
Net Debt 2022 37 055 M 38 551 M 38 551 M
P/E ratio 2022 11,3x
Yield 2022 5,11%
Capitalization 25 907 M 26 953 M 26 953 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,80x
Nbr of Employees 67 634
Free-Float 83,7%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 9,93 €
Average target price 12,22 €
Spread / Average Target 23,1%
EPS Revisions
Managers and Directors
Leonhard Birnbaum CEO & Chairman-Management Board
Marc Spieker Head-Investor Relations
Karl-Ludwig Kley Chairman-Supervisory Board
Markus Nitschke Head-Technology & Innovation, Sustainable Cities
Victoria E. Ossadnik Chief Operating Officer & Member-Management Board
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