Power stocks finished Monday’s morning session in the green territory after the Energy Regulatory Commission (ERC) unveiled plans to raise power tariffs to a record high of THB4.4 per kWh between September and December.
The share price of B.Grimm Power Pcl. (SET: BGRIM) rose THB1.50/share or 4.38% to THB35.75/share, with a trading value of THB647 million.
The share price of Global Power Synergy Pcl. (SET: GPSC) rose THB1.00/share or 1.55% to THB65.50/share, with a trading value of THB520 million.
The share price of Gulf Energy Development Pcl. (SET: GULF) rose THB0.50/share or 1.08% to THB47.00/share, with a trading value of THB567 million.
As the Energy Regulatory Commission (ERC) prepares to raise power tariffs to THB4.4 per kWh between September and December, Capital Nomura Securities predicts that inflation will move up and that company stocks heavily reliant on domestic consumption will experience negative reactions. But the power stocks, such as GPSC and BGRIM, are anticipated to benefit from SPP’s increased electricity sales.
