Analyst Pin-board Despite the rainy season, electricity selling prices in CGM stand at a high level
- Total electricity volume in 8M2022 reached 182 bn kWh, +5% YoY. In Aug 2022, electricity consumption climbed by 11% YoY owing to the low base in 2021 – strict lockdown in 3Q2021.
- The hydropower group outperformed during 8M2022 while thermal groups held modest mobilization rates.
- Price in competitive market stands at a high level even in the rainy season, the main driver from the coal burning group.
- We foresee that in case coal input price stay at a such high level in the time to come, and the dry season is going to come back, the selling price in CGM is going to stand at a high level. From that, large hydropower plants will be the main beneficiaries, following by gas thermal plants.
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