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.
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