Core Viewpoint - China Huadian Group Xiong'an Energy Co., Ltd. has significantly increased its registered capital from 100 million RMB to 1.1 billion RMB, marking a 1000% increase [1]. Group 1: Capital Changes - The registered capital change occurred on January 7, 2026, with the new amount being 1.1 billion RMB [1]. - The company underwent a shareholder change, with China Huadian Group Company exiting and China Huadian Group Co., Ltd. entering [1]. Group 2: Business Scope Adjustments - The business scope has been updated to include general projects such as heat production and supply, sewage treatment and recycling, and new material technology promotion services [1]. - The company is now authorized to engage in power generation, transmission, and distribution, as well as natural water collection and distribution, subject to relevant approvals [1]. Group 3: Management Changes - Key management personnel changes include the exit of manager Bi Libo and the introduction of new general manager Fan Yuanpeng and deputy general manager Lu Zhao [1]. - The financial officer remains unchanged, with Tao Meizhen continuing in the role [1].

Core Viewpoint - The successful operation of the world's first hybrid commutation converter valve at the State Grid Henan Lingbao Converter Station marks a significant leap for China in the field of core equipment for direct current transmission, transitioning from a follower to a leader in technology [2][3]. Group 1: Technological Breakthrough - The hybrid commutation converter valve, developed using self-controlled IGCT devices, addresses the long-standing issue of "commutation failure" in conventional direct current transmission systems, which has limited the capacity for large-scale clean energy transmission from the western regions to the eastern load centers [3]. - The development involved collaboration between the State Grid Henan Electric Power Company and Tsinghua University, culminating in the successful completion of type testing in June 2023, with the equipment being recognized as "internationally leading" by the China Machinery Industry Federation in July 2023 [3]. Group 2: Quality Assurance and Supervision - A comprehensive technical supervision system was established to ensure high-quality manufacturing of the hybrid commutation converter valve, focusing on key equipment, components, and processes, with 119 modification clauses developed for the implementation guidelines [4]. - The technical supervision team conducted extensive testing and quality control measures, including factory tests and performance reliability assessments, to ensure the integrity and safety of the equipment before its deployment [5]. Group 3: Project Implementation and Testing - The project entered the implementation phase in October 2025, with rigorous installation and testing protocols in place to ensure all components met high standards of quality and reliability [6]. - The successful completion of 136 testing projects, including artificial short-circuit tests, demonstrated the new valve's ability to prevent commutation failures caused by AC faults, achieving performance indicators that meet international standards [6].

作为另一项关键成果，国网浙江信通公司已于2025年年中在国网系统内率先完成首家统一权限全量系统 的一次性割接，实现"零故障、零中断、零投诉"的安全平稳过渡。该系统承担全网用户身份认证与权限 管理职能，是支撑营销、财务等核心业务平稳运行的关键平台。在68个小时的连续作业中，该公司完成 229套业务系统、6350万条权限数据的零误差迁移，全面适配国产软硬件环境。 1月4日获悉，国网浙江信通公司推进信息系统全面自主可控进程取得新里程碑突破，在2025年内实现电 网地理信息系统、统一权限全量系统的自主可控升级，为构建安全可靠的数字电网奠定坚实基础。 据悉，该公司电网地理信息系统完成国产化适配改造与迁移，已平稳运行一个多月，运行效果良好。此 次完成迁移的电网地理信息系统，由国网信通股份中电启明星提供技术支持，构建由国产芯片服务器、 操作系统与数据库组成的全栈信创环境，形成覆盖全省电网的数字化地理信息支撑体系，有效服务电网 一张图、网上电网、新一代应急指挥系统、营销2.0等123套核心业务应用系统。在系统迁移过程中，项 目团队创新运用数字化、智能化工具，通过组件优化与分片抽取等技术，高效完成1.5亿条结构化数据 和3TB ...

Core Viewpoint - The article discusses the strategic goals and tasks outlined in the "Suggestions for Formulating the 15th Five-Year Plan for National Economic and Social Development," emphasizing the construction of a new energy system that is clean, low-carbon, safe, and efficient, aiming for a preliminary establishment by the end of the 15th Five-Year period [1]. Group 1: New Energy System Development - The "Suggestions" propose to continuously increase the proportion of renewable energy supply and to integrate multiple energy sources such as wind, solar, hydro, and nuclear power [2]. - By the end of October 2025, the installed capacity of renewable energy is expected to reach 2.22 billion kilowatts, accounting for nearly 60% of the total installed capacity in the country [2]. - There are challenges in the effective integration of intermittent energy sources like wind and solar with stable power sources, leading to underutilization of energy resources in certain regions [2][3]. Group 2: Coal and Fossil Energy Management - The "Suggestions" emphasize the need for clean and efficient utilization of fossil energy, promoting the peak consumption of coal and oil [4]. - Over 80% of coal-fired power units have undergone energy-saving renovations, and more than 90% have achieved ultra-low emissions [4]. - There are concerns about the balance between reducing coal dependency and ensuring energy supply security, as some regions may be too aggressive in cutting coal power [4][5]. Group 3: Resilience of the New Power System - The "Suggestions" call for enhancing the resilience and safety of the power system through improved energy storage and smart grid development [6]. - China has the world's largest and most advanced ultra-high voltage transmission network, with pumped storage capacity leading globally for nine consecutive years [6][7]. - Challenges include insufficient cross-regional intelligent scheduling capabilities and the need for better integration of new energy storage technologies [7]. Group 4: Technological Innovation in Energy - The "Suggestions" highlight the goal of significantly improving self-reliance in technology, focusing on breakthroughs in key core technologies [8]. - China has made significant advancements in nuclear power, renewable energy, and grid technologies, showcasing its innovation capabilities [8][9]. - However, there are still high external dependencies on certain key technologies and components, indicating a need for improved domestic capabilities [9]. Group 5: Regional Energy Development - The "Suggestions" advocate for optimizing regional economic layouts and energy resource bases, particularly in marine energy development [10]. - There is a disparity between energy resource-rich areas in the central and western regions and load centers in the eastern regions, necessitating better energy resource allocation [10][11]. - The development of offshore wind energy and other marine resources is still in its early stages, with some key technologies needing further maturity [10][11]. Group 6: Energy Market Dynamics - The "Suggestions" propose advancing the construction of a unified national energy market and improving market mechanisms to adapt to the new energy system [13]. - The energy market has seen accelerated development, with over a million market participants and significant inter-provincial electricity trading [13][14]. - Challenges remain in market segmentation and competition, with a need for unified trading rules and mechanisms to ensure fair competition [14].

Core Viewpoint - The announcement of 74 high-risk electricity sales companies in Shandong marks a significant step towards the regulation and transparency of the electricity retail market, enhancing risk management and market stability [1][10]. Group 1: Implementation of Price Cap Mechanism - The price cap mechanism has been implemented for the first time in Shandong, providing a flexible model that retains user autonomy while ensuring basic protection through a default selection mode [4][6]. - The mechanism defines a cap price based on actual electricity usage patterns, allowing for a balance between user protection and reasonable profit for electricity sales companies [4][6]. Group 2: Transparency and Information Disclosure - The Shandong Electricity Trading Center has adopted a multi-dimensional disclosure approach, listing 634 retail users who did not choose the price cap and specifically identifying 74 high-risk electricity sales companies [6][7]. - This differentiated information disclosure serves as a supervisory tool for electricity sales companies and provides valuable insights for users when selecting service providers, promoting a competitive market focused on service quality and risk management [6][7]. Group 3: Regulatory Framework and Risk Management - The regular and transparent public disclosure of high-risk companies lowers the information barrier for retail users, encouraging them to assess their electricity consumption characteristics and price volatility tolerance [7][9]. - The comprehensive public disclosure and the structured management process enhance the credibility of the regulatory framework, allowing for effective risk prevention without excessive market intervention [9][10]. Group 4: Future Outlook - The successful execution and public announcement of the price cap mechanism reflect the commitment of Shandong's authorities to fairness and transparency, with expectations for further market vitality and compliance-driven decision-making in the electricity retail sector [10].

Core Viewpoint - The Henan provincial government is focusing on enhancing energy factor security to support the high-quality development of the private economy, with significant investments and reforms in the energy sector over the past three years [1][2]. Group 1: Energy Investment and Infrastructure - Energy project investments in Henan have exceeded 100 billion yuan for three consecutive years, with total installed power generation capacity surpassing 160 million kilowatts [1]. - Renewable energy generation capacity accounts for over 50% of the total, with generation exceeding 1000 billion kilowatt-hours [1]. - Key projects such as the Xuchang Energy Coal Power Project and the Xinyang Wuyue Pumped Storage Power Station have been completed, enhancing energy infrastructure [2]. Group 2: Green Energy Transition - Henan is prioritizing green energy development, with over 88 million kilowatts of renewable energy installed, representing more than half of the total capacity [3]. - The province aims for renewable energy generation to exceed 1400 billion kilowatt-hours, a 21% year-on-year increase, with green electricity accounting for nearly 40% of total generation [3]. - The transition to green energy is providing private enterprises with low-cost green electricity, facilitating industrial upgrades [3]. Group 3: Policy and Regulatory Reforms - Henan is implementing reforms in energy sectors to create a more favorable environment for private enterprises, including the integration of source, network, load, and storage [4]. - The province has introduced policies to streamline project applications, reducing the approval time for integrated projects from over three months to one week [7]. - Recent policies have opened various energy sectors to private enterprises, with over 90% participation in photovoltaic projects and significant contributions in biomass power generation [8]. Group 4: Future Development and Opportunities - Henan plans to accelerate the development of frontier energy industries such as hydrogen and storage, with expectations for new storage capacity to exceed 5 million kilowatts [5]. - The province is fostering a collaborative energy development model, integrating state-owned and private enterprises to enhance market access and participation [8]. - The ongoing energy investments and policy support are expected to unleash further innovation potential in the private economy, contributing to high-quality energy development in Henan [8].

Core Viewpoint - The company is focused on leveraging the unique wind and solar resources in Changji Prefecture, Xinjiang, to support the development of a large-scale renewable energy base, contributing to China's modernization efforts and energy transition [1][4]. Group 1: Project Development and Planning - Changji Power Supply is actively involved in the planning and construction of the first county-level "double ten million kilowatt" renewable energy base in Mule County, emphasizing the importance of scientific planning and efficient approval processes for project success [1]. - The company has incorporated 31 projects of 110 kV and above into the "14th Five-Year" power development plan, with a total of 738 projects planned for the "15th Five-Year" period, aimed at supporting high-quality economic development in Changji Prefecture [2]. Group 2: Infrastructure and Capacity Building - During the "14th Five-Year" period, Changji Power Supply plans to commission three 750 kV substations and two 220 kV substations, establishing a robust grid structure to support the high-quality development of renewable energy in the region [2]. - A leadership group has been established to oversee the construction of renewable energy transmission projects, with a goal to complete 24 supporting projects by 2025, accounting for 59% of the total planned projects [2]. Group 3: Service Optimization and Efficiency - The company is implementing a streamlined process to enhance service efficiency, including a "parallel work, time-limited completion" acceptance mechanism and a seamless connection model for construction, acceptance, and operation [3]. - By 2025, the company aims to add 18 million kilowatts of new renewable energy projects to the grid, making it the largest in the region, with a cumulative installed capacity exceeding 33 million kilowatts, representing over half of the total installed capacity [3]. Group 4: Environmental Impact and Future Goals - The renewable energy projects in Changji are expected to generate over 40 billion kWh of clean electricity annually, equivalent to saving 13.2 million tons of standard coal and reducing carbon dioxide emissions by 35.2 million tons [3]. - The company is committed to enhancing grid support, optimizing service measures, and driving innovation to contribute to the construction of a new power system and the achievement of carbon neutrality goals [4].

截至1月9日8时，国家电投贵州金元纳雍电厂今年累计完成发电量超2亿千瓦时，达到2.1亿千瓦时，实 现了新年生产经营的"开门红"，这一成绩不仅为区域电力安全稳定供应提供了坚实保障，也为地方经济 发展注入了强劲动力。 此次发电量超2亿千瓦时，是该电厂全体员工以高度责任感和使命感坚守岗位、奋发有为、锐意进取的 成果；也充分彰显了该电厂作为区域重要电源的支撑保障能力。站在新起点，该电厂将继续秉持"安全 第一、效益优先"原则，以更加昂扬的斗志和务实作风，持续抓好安全生产、极限控本与能源保供各项 工作，为区域电力安全贡献纳电力量。 据悉，面对冬季用电负荷持续攀升与能源保供双重考验，该电厂始终坚持"安全第一、预防为主、综合 治理"的方针，将安全生产摆在一切工作的首位。深入开展隐患排查治理，严格落实安全生产责任制， 持续加强运行监控与应急处置能力；通过优化运行方式、合理安排检修计划，全力提升设备可靠性与发 电效率，确保关键时刻"发得出、顶得上、稳得住"。 ...

Core Insights - The Henan provincial government has reported significant achievements in energy investment and renewable energy development, with investments exceeding 100 billion yuan for three consecutive years and total installed power generation capacity surpassing 160 million kilowatts [1][2] Group 1: Energy Investment and Infrastructure - Henan has implemented a series of major projects and reforms to strengthen energy support for the private economy, enhancing energy infrastructure and ensuring stable energy supply for manufacturing and service sectors [2][3] - The province has made substantial progress in energy infrastructure, including the timely operation of the Xuchang Energy Coal Power Project and the completion of the Xinyang Wuyue Pumped Storage Power Station [2][3] Group 2: Renewable Energy Development - Henan is focusing on green energy transition, with renewable energy installed capacity exceeding 88 million kilowatts, accounting for over 50% of total capacity [3][4] - The province aims for renewable energy generation to exceed 140 billion kilowatt-hours, representing a 21% year-on-year growth, with green electricity accounting for nearly 40% of total generation [3][4] Group 3: Policy and Market Reforms - Henan has introduced policies to facilitate private sector participation in energy, including streamlined project approval processes and enhanced market access for private enterprises [6][7] - The province has implemented 781 integrated source-grid-load-storage projects, which are expected to promote green electricity consumption by 16.8 billion kilowatt-hours annually [4][6] Group 4: Private Sector Engagement - The participation of private enterprises in various energy sectors has been significant, with over 90% involvement in photovoltaic projects and more than 70% in biomass power generation [7][8] - Private capital has also made substantial investments in geothermal heating, charging stations, and new energy storage, indicating a breakthrough in market access for private enterprises in traditional energy sectors [7][8] Group 5: Future Development and Opportunities - Henan plans to accelerate the development of frontier energy industries such as hydrogen and storage, with expectations for new energy storage capacity to exceed 5 million kilowatts [4][5] - The province's ongoing policy support and market opportunities are expected to further unleash the innovative potential of the private economy, contributing to high-quality energy development [8]

深领会、强落实 赋能统一市场建成——《电力中长期市场基本规则》解读 陕西电力交易中心有限公司董事长 李鹏 电力中长期市场，作为我国电力体制改革的关键支柱与核心载体，依托统一的制度体系及与现货市场协 同运作的方式，构筑了相较于国外电力市场的鲜明特色与突出优势。2025年12月，国家发展改革委、国 家能源局联合印发新修订的《电力中长期市场基本规则》(以下简称《基本规则》)，并将于2026年3月1 日起正式施行。作为全国统一电力市场基础规则体系的主干支撑，《基本规则》在总结前期市场实践经 验的基础上，立足"中长期+现货+辅助服务"一体化设计理念，对电力中长期交易的全流程进行了系统 性规范，从制度层面上主动回应了新能源大规模接入、新型主体蓬勃发展等与市场的适配需求，也为各 级层面做好电力中长期合同签约履约工作提供了清晰可循的行动指南。深刻领会《基本规则》的精神内 涵、精准把握地方落实的路径要求，并且不折不扣贯彻执行，对于优化省级市场交易机制、服务支撑全 国统一电力市场建设，具有极为重要的现实意义。 一、"深领会"：推动电力中长期市场全方位转型升级 相较于2020年版规则，《基本规则》紧紧围绕新型电力系统构建之需，致力 ...