2025年，我国全年经济总量迈上140万亿元新台阶、5%的增速位居全球前列。"在1月20日国务院新闻办 公室举行的新闻发布会上，国家发展改革委副主任王昌林说，我国"十四五"实现圆满收官，续写了中国 奇迹新篇章。 2026年，我国经济的"十五五"画卷如何起笔？绿色转型的"快车道"上有哪些新举措？全国统一大市场建 设又将如何破除壁垒，让要素流动更顺畅？ 这场发布会给出了清晰而有力的答案，明确将通过实施扩大内需战略、纵深推进全国统一大市场建设、 加快培育新质生产力以及系统推动绿色低碳转型等关键举措，在"十五五"开局之年扎实推动经济高质量 发展，确保新征程起好步、开新局。 这一系列部署表明，我国的"双碳"之路，正从单一的能源替代，走向一场涵盖能源、产业、社会和治理 体系的系统性变革。 "两新"效能持续放大 "这既是我们对国际社会的庄严承诺，也是我国经济自身高质量发展的内在需求。"国家发展改革委资源 节约和环境保护司司长王善成说，尽管全球应对气候变化合作遭遇波折，但中国坚定的目标承诺和有力 的落实举措，为全球绿色发展进程注入了稳定预期和长期信心。 建成了全球最大的可再生能源体系，构建了全球最完整的新能源产业链，实现了全 ...

针对风光富集区与负荷中心逆向分布的问题，国网扬州供电公司率先投运全国首台及江苏第二台输电移 相器工程，大幅提升宝应、高邮等新能源聚集区的消纳能力与城区供电可靠性，实现区内东西源荷互 济，工程建设成本较传统方案降低约50%，相关成果入选国家能源局首台（套）重大技术装备名录，并 在全国推广。 依托长江与京杭大运河交汇独特的地理优势，扬州风光资源禀赋得天独厚，近年来新能源发展驶入快车 道。全国首个"交改直"工程——扬州至镇江直流输电工程成效显著，一期投运以来，每年向苏南地区输 送清洁能源超60亿千瓦时，直接带动高邮地区新能源投资超130亿元，待二期工程贯通后，可将跨区输 送能力提升至240万千瓦，畅通绿电南送"主动脉"。 1月19日，随着江苏高邮泰润耿庭、泰润三垛、恒禾三垛3个光伏项目全容量并网，扬州市新能源发电总 装机容量突破1000万千瓦，达到1100万千瓦，占该市总装机容量超65%，标志着扬州成为江苏内陆地区 新能源装机规模最大的城市。 ...

寒潮来袭，江苏电网保暖用电负荷快速攀升。1月19日，江苏电网最高用电负荷达1.28亿千瓦，较前一 日激增近2000万千瓦，增长18.5%。面对寒潮与负荷增长的双重考验，国网江苏省电力有限公司迅速启 动应急响应，依托先进的智能监测装备与高效的协同机制，多措并举保障电网安全稳定运行和电力可靠 供应。 1月19日，国华徐州电厂送出线路——500千伏国岱线100号杆塔上存在一处覆冰，如不及时处置，会对 徐州东南部地区供电造成影响。在被电网可视化监控装置精准捕捉到后，系统15分钟内便完成识别、上 传与告警推送。随后，运维人员及时赶赴现场成功处置这处隐患。 据预测，今冬期间，江苏全省最高用电负荷预计达1.38亿千瓦。为此，江苏电力未雨绸缪，已积极争取 区外电力支援，通过中长期交易固化晚间高峰时段跨区送电资源达3060万千瓦，同比增加约170万千 瓦，有效增强了高峰时段的电力供给能力。同时，10项主干网迎峰度冬重点工程已全部投运，进一步强 化了网架结构，为电力安全供应提供了坚实保障。 在用户服务保障方面，江苏电力强化对供水、供气、通信、交通枢纽、医疗机构等重要民生用户供电设 施的巡查，协助用户检查自备应急电源，确保紧急情况 ...

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure operation on December 18, 2025, marks a significant milestone, enabling Hainan to implement "zero tariffs, low tax rates, and simplified tax systems," positioning it as a core "transit hub" connecting China's vast market with Southeast Asia and the global market [1] Group 1: Macro Changes - The closure operation will trigger significant changes in electricity demand across four dimensions: industrial migration, economic forms, population structure, and international cooperation [2] - Industrial migration will lead to a "heavy" and "precise" electricity load due to the establishment of offshore trade, cross-border finance, and large-scale data centers, necessitating a strong demand for renewable energy to enhance global competitiveness [2] - As of November 2025, Hainan's clean energy installed capacity reached 87%, with a generation share of 73%, indicating a leading position in energy transition, although rapid growth in electricity demand poses challenges for matching supply and demand [2] Group 2: Population Structure Changes - The closure policy is expected to attract a significant influx of high-end talent, leading to a "full island electrification" trend, with tax incentives resulting in over 360 billion yuan in corporate tax reductions and 190 billion yuan for individuals [3] - The demand for electric vehicles and smart home appliances will become major variables in electricity load, while innovation platforms will require a more flexible and responsive power system to support enterprise-led innovation [3] Group 3: International Cooperation - Hainan will serve as a hub for domestic and international dual circulation, enhancing energy trade with Southeast Asia through the Regional Comprehensive Economic Partnership (RCEP) and free trade policies [4][5] - The launch of the "Sheneng Hainan CZ2" offshore wind power demonstration project will provide green energy for the free trade port and facilitate international trade [4] Group 4: Power Response - The electricity sector must innovate and reform to build a power service system that aligns with international trade rules, including a "millisecond-level" reliable power system to support high-end industries [6] - The completion of the 500 kV main grid on December 15, 2025, enhances transmission capacity by over four times, ensuring flexible and reliable power supply [6] - The establishment of a virtual power plant management center in Hainan aims to provide customized "green electricity" services, ensuring dynamic balance between supply and demand [7] Group 5: Social Electrification - The introduction of a "one network" operation model for electric vehicle charging will support the electrification of transportation and residential sectors, addressing the needs of high-end talent [8] - A dedicated "innovation power channel" will provide stable power support for research centers and laboratories, fostering a virtuous cycle of technology-driven industrial development [8] Group 6: International Energy Trading Center - The establishment of an international energy trading center in the Yangpu Economic Development Zone will facilitate cross-border green electricity trading and carbon emission rights trading, enhancing Hainan's regional influence [9] - Hainan aims to transition from an energy consumer to a technology output and rule-making center for regional energy transformation, solidifying its position as a bridge between China and ASEAN [9]

Core Viewpoint - The official launch of the Hainan Free Trade Port on December 18, 2025, marks a significant milestone, enabling Hainan to implement "zero tariffs, low tax rates, and simplified tax systems," positioning it as a core "transit hub" connecting China's vast market with Southeast Asia and the global market [1] Group 1: Macro Changes - The closure operation will lead to significant changes in electricity demand across four dimensions: industrial migration, economic structure, population dynamics, and international cooperation [2] - Industrial migration will result in a "heavy" and "precise" electricity load due to the establishment of offshore trade, cross-border finance, and large-scale data centers, necessitating a strong demand for renewable energy to enhance global competitiveness [2] - By November 2025, Hainan's clean energy installed capacity reached 87%, with a generation share of 73%, indicating a leading position in energy transition, but rapid growth in electricity demand poses challenges for matching supply and demand [2] Group 2: Population Structure Changes - The closure policy is expected to attract a significant influx of high-end talent, leading to a "full island electrification" trend, with tax incentives resulting in over 360 billion yuan for enterprises and 190 billion yuan for individuals [3] - The demand for electric vehicles and smart home appliances will increase, impacting peak and off-peak electricity loads, while innovation platforms will require a more flexible and responsive power system [3] Group 3: International Cooperation - Hainan will serve as a hub for domestic and international dual circulation, enhancing energy trade with Southeast Asia through the Regional Comprehensive Economic Partnership (RCEP) [4] - The launch of the "Sea Wind Green Ethanol" project will provide clean energy for the Free Trade Port and facilitate international trade [4] - The traditional one-way oil and gas import model is shifting towards a two-way trade in green hydrogen and offshore wind power technology services [4] Group 4: Power Response - The electricity sector must innovate and reform to build a power service system that aligns with international trade rules, including a "millisecond-level" reliable power system to support high-end industries [5] - The completion of the 500 kV main grid enhances transmission capacity by over four times, ensuring flexible and reliable power supply across the island [5] Group 5: Energy Efficiency and Digitalization - The establishment of a virtual power plant management center in Hainan aims to balance energy consumption and carbon emissions through digital twin technology [6] - The virtual power plant can provide customized "green electricity" services to data centers, ensuring dynamic balance between supply and demand [6] Group 6: Social Electrification - The launch of the first V2G (Vehicle-to-Grid) charging system in Hainan aims to meet the electric needs of high-end talent and support the electrification of transportation and smart home networks [7] - A "one network" operation model will facilitate the integration of various charging scenarios, enhancing the overall electric service environment [7] Group 7: International Energy Trading Center - The establishment of an international energy trading center in the Yangpu Economic Development Zone will initially focus on oil and gas spot trading, gradually expanding to cross-border green electricity trading and carbon emission rights trading [8] - Hainan aims to transition from an energy consumer to a regional energy transition technology exporter, establishing its position as a bridge between China and ASEAN [8]

Core Insights - Guizhou's electricity market has transformed from a planned allocation system to a market-driven model, achieving a market transaction volume of 988.04 billion kWh by 2025, a 4.7-fold increase from 174 billion kWh in 2015, with over 6,900 billion kWh traded cumulatively over ten years [1] Trading Variety: From Single to Diverse Ecosystem - The first independent long-term storage transaction in Guizhou marks a significant shift, allowing storage projects to participate in the market as independent entities [2] - The trading ecosystem has evolved from a single annual negotiation method to a comprehensive "smart trading" model that includes various trading cycles, types, and flexible methods [3] Trading Scale: From Initial Steps to Quality Growth - Green electricity trading in Guizhou saw explosive growth, with transaction volumes increasing from 0.313 million kWh in 2022 to 104.69 million kWh by 2025, a growth of over 300 times [4] - The introduction of market mechanisms for green electricity has activated both supply and demand, with 172 new energy companies entering the market and significant corporate participation in green electricity consumption [5] Trading Scope: From Provincial to Nationwide Connectivity - Guizhou's electricity trading has expanded from provincial to inter-regional connections, allowing for flexible cross-province electricity transfers, exemplified by the "Qian Electric to Hunan" initiative [6] - The province is integrating into the national unified electricity market, with plans for a formal operation of the southern regional electricity market by 2026, enhancing the value of Guizhou's diverse energy resources [7]

连日来，河南电力及时发现并利用直流融冰等方式，成功开展±800千伏陕武特高压直流线路河南段、 500千伏汉郑线除冰、融冰作业，保障了线路安全稳定运行。国网河南直流中心在特高压南阳站、中州 站、豫南站及灵宝站，对充油设备油温油位等关键数据进行防寒防冻监测记录、比对分析，及时消除隐 患，并以应急演练强化人员协同处置能力。国网河南周口供电公司根据区域负荷情况合理调整电网运行 方式，锚定民生用电保障，针对供水、供热、医院、学校等重要客户，提升重点电网设备的巡视频率和 红外测温密度，提醒客户做好应急电源启动准备，确保极端天气下民生用电"不断档"。 1月19日至20日，河南大部地区迎来今冬第二轮雨雪冰冻天气，多地暴雪、局部大暴雪，采暖等用电负 荷持续上升，电网运行经受考验。河南电力加强气象监测，及时发布预警，组织基层单位结合实际做好 雨雪冰冻灾害预防、电力保供工作。 截止到1月20日，国网河南省电力公司在本轮大范围降雪天气中累计出动巡视、除冰等作业人员超1万 人、车辆2742台，应急发电车31台、应急发电机598台、无人机116台。目前，河南电网整体运行平稳， 经济社会发展、民生保障供电安全可靠。 ...

Economic Growth and Development Strategy - In 2025, China's economy is projected to reach a total volume of 140 trillion yuan with a growth rate of 5%, ranking among the top globally [1] - The "14th Five-Year Plan" has successfully concluded, setting the stage for the "15th Five-Year Plan" with a focus on high-quality economic development through strategies such as expanding domestic demand and promoting a unified national market [1] Green Transition Initiatives - The "15th Five-Year Plan" period is critical for achieving carbon peak goals, with a commitment to accelerate green development [3] - Key measures for 2026 include accelerating energy transition, promoting industrial upgrades, and implementing comprehensive resource conservation strategies [4] Two New Policy Impact - The "Two New" policy, which promotes large-scale equipment updates and consumer goods replacement, has generated over 1 trillion yuan in equipment investment and 2.6 trillion yuan in consumer spending by 2025 [8] - The policy has also resulted in energy savings of over 69 million tons of standard coal and a reduction of carbon emissions by over 170 million tons [8] National Unified Market Construction - The construction of a national unified market aims to eliminate local protectionism and market segmentation, facilitating efficient resource allocation [11] - By the end of 2025, inter-provincial trade sales accounted for 41.1% of national sales revenue, indicating progress in market integration [12] - Future reforms will focus on deepening institutional frameworks and addressing key issues that hinder market development [13][14]

Core Insights - The total electricity export from the Yunnan Pu'er region reached 2.294 billion kilowatt-hours as of January 19, marking a year-on-year increase of 60.76% [1] - In the past five years, the region's electricity export exceeded 50 billion kilowatt-hours for the first time, setting a historical record [1] Investment and Infrastructure Development - The Southern Power Grid Yunnan Pu'er Power Supply Bureau has enhanced communication with foreign power companies and electricity users to meet the special requirements for electricity supply to overseas markets [1] - The bureau has implemented a "one-stop" electricity service model to effectively coordinate and address challenges faced by foreign customers [1] - During the 14th Five-Year Plan period, the bureau plans to significantly increase effective investment, with the investment amount being 1.6 times that of the 13th Five-Year Plan [1] Project Completion and Network Improvements - The bureau has completed 76 main network projects and 2,291 distribution network projects, along with the construction of over 3,000 kilometers of new 10 kV lines [1] - The bureau has resolved issues related to 32 overloaded 35 kV substations, achieving a 100% coverage rate for distribution automation [1] - These developments are aimed at supporting the integration and consumption of clean energy and the construction of a modern industrial system [1]

Core Viewpoint - The development of pumped storage hydropower in China has transitioned from being viewed as a luxury to an essential component of the energy system, with significant advancements in capacity and technology during the 14th Five-Year Plan period [2][3][11]. Group 1: Capacity Growth - By the end of 2025, the first unit of the Zhejiang Tiantai pumped storage power station will be operational, featuring a single unit capacity of 425,000 kilowatts and a rated water head of 724 meters, setting new domestic and global records [1]. - The installed capacity of pumped storage in China increased from 31 million kilowatts at the beginning of the 14th Five-Year Plan to 66 million kilowatts by its conclusion, effectively doubling the capacity [1][3]. - In 2021, the National Energy Administration set a target for a total installed capacity of 120 million kilowatts by 2030, with a focus on 340 key projects [3][11]. Group 2: Technological Advancements - The industry has seen a significant technological revolution, with the development of a new type of variable-speed pumped storage unit that can adjust power output efficiently, marking a shift from following to leading in technology [7][8]. - The successful launch of the first domestic large-scale variable-speed pumped storage unit's excitation system in July 2025 represents a breakthrough in overcoming previous technological barriers [7][8]. - The Zhejiang Tiantai pumped storage power station's unit, with the highest rated water head globally, signifies China's leading position in high-head pumped storage technology [8]. Group 3: Market Dynamics - The policy framework for pumped storage has been enhanced, with the introduction of a two-part electricity pricing mechanism that stabilizes revenue expectations and attracts diverse investment [11][12]. - Non-traditional power investors, including local energy groups and social capital, have increasingly entered the pumped storage sector, reflecting a significant market reform [12][13]. - The implementation of the Energy Law and management guidelines for pumped storage projects aims to ensure a balanced national approach while accommodating local differences [12][13]. Group 4: Future Outlook - The pumped storage sector is expected to continue its rapid growth, with projections indicating a total installed capacity of around 120 million kilowatts by 2030, aligning with the development of renewable energy [13]. - The integration of smart construction technologies, such as IoT and AI, is transforming traditional hydropower projects into modernized benchmarks of efficiency and effectiveness [9].