Market Chatter: AGL Energy, Origin Energy Set to Benefit From Wholesale Price Surge, RBC Capital Markets Says

MT Newswires Live

Jan 17, 2025

AGL Energy (ASX:AGL) and Origin Energy (ASX:ORG) are poised to benefit from rising wholesale energy prices, which are expected to push up household and business tariffs, RBC Capital Markets said, according to a Friday report by The Australian.

The price surge is due to generation disruptions and transmission issues, pushing up electricity futures and exerting upward pressure on the default market offer, which sets power rates, RBC analyst Gordon Ramsay said, per the report.

Rising tariffs are set to benefit companies like AGL and Origin, which own generation assets, Ramsay noted.

Shares of AGL Energy rose past 1% in recent Friday trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7130","symbol_name":"综合性石油与天然气企业","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2504971434","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504971434","pubTimestamp":1737078997,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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