在此之前，部分省份的市场管理员（政府）在菜市场门口悬挂了一张价目表，明确规定"早市5元/斤、 午市3元/斤、晚市2元/斤"，无论是何种菜贩、何种规模的饭店，均需按照既定的价目表进行批发交易。 即便是用量巨大的万吨级大饭店，也没有议价空间，既不能提出"我主要在凌晨进货，能否按便宜时段 计价"，也不能协商"一次性采购10吨，是否可以签订全年包价协议"。这种统一定价、统一时段的做法 在市场建设初期有利于简化规则、降低管理成本。但随着交易规模扩大和主体类型多样化，其交易安排 高度刚性，价格信号难以及时反映真实供需变化，行政设定的高、低价时段与市场运行脱节，整体市场 配置效率偏低等弊端逐步显现。 从"统一定价"到"自主灵活" 《规则》第三十五条规定："对直接参与市场交易的经营主体，不再人为规定分时电价水平和时段。" 现在，市场管理员说"我不再硬性规定什么时候高价、什么时候低价了。你们买卖双方自己谈，按不同 时段分别定价交易"。因此，例如某个饭店主要在凌晨采购白菜，而此时正好是某位菜贩蔬菜供应充足 的时段，双方即可协商形成一个更低的交易价格，实现供需匹配和互利共赢。 对应到电力市场，这意味着直接参与市场交易的电力用户可以 ...

Core Viewpoint - The merger between Sinopec and China Aviation Oil marks a significant move in the energy sector, aiming to create a new giant in "green aviation fuel" while enhancing supply security and low-carbon competitiveness in the aviation industry [1][4]. Group 1: Merger Details - The merger was approved by the State Council on January 8, 2026, positioning Sinopec as the world's largest refining company and China Aviation Oil as Asia's largest aviation fuel service provider [1][2]. - China Aviation Oil has been involved in discussions regarding a merger since October 2025, with Sinopec identified as the potential acquirer of all its assets and operations [2][3]. - The merger is expected to streamline operations by reducing intermediaries and lowering supply costs, creating a strategic complementarity between the two companies [3][4]. Group 2: Market Context - The global aviation industry is experiencing a strong recovery, with aviation fuel demand projected to reach 389 million tons in 2025, a 3.9% increase year-on-year [2]. - By 2040, China's aviation fuel consumption is forecasted to grow from 3,928 million tons in 2024 to 7,500 million tons, highlighting the increasing demand for aviation fuel [3][4]. - The merger aims to enhance the competitiveness of China's aviation fuel sector, which currently faces challenges compared to integrated international oil companies like Shell and ExxonMobil [4][5]. Group 3: Green Transition - The merger is seen as a strategic move to strengthen the sustainable aviation fuel (SAF) industry, which is crucial for reducing carbon emissions in the aviation sector [5][6]. - Sinopec is recognized as a pioneer in SAF production in China, with its products already tested on domestic aircraft, offering a potential for over 50% reduction in carbon emissions compared to traditional aviation fuel [5][6]. - The collaboration between Sinopec and China Aviation Oil is expected to enhance R&D, industrialization, and international trade in SAF, promoting its adoption and continuous improvement [5][6].

Core Viewpoint - The merger between China Petroleum & Chemical Corporation (Sinopec) and China Aviation Oil Group (China Aviation Oil) marks a significant strategic move in the energy sector, aiming to create a new giant in "green aviation fuel" while enhancing fuel supply security for the aviation industry and increasing low-carbon competitiveness in international markets [1][5][7]. Group 1: Merger Details - The merger was approved by the State Council and is seen as a collaboration between the world's largest refining company and Asia's largest aviation fuel service provider [1][3]. - China Aviation Oil is the largest integrated aviation fuel service provider in Asia, while Sinopec is the largest aviation fuel producer in China, covering various sectors including oil and gas, logistics, and aviation [3][4]. - The merger is expected to streamline operations and reduce costs by eliminating intermediaries, thus enhancing the efficiency of the entire supply chain from refining to distribution [4][6]. Group 2: Market Context - The global aviation industry is experiencing a strong recovery, with a projected demand for aviation fuel of 389 million tons in 2025, reflecting a year-on-year increase of 3.9% [3][4]. - By 2040, China's aviation fuel consumption is expected to grow from 39.28 million tons in 2024 to 75 million tons, indicating a significant increase in demand [4][6]. - The merger is a strategic response to the competitive landscape dominated by integrated oil and gas companies like Shell and ExxonMobil, which have established advantages in the aviation fuel market [6][7]. Group 3: Green Transition - The merger is positioned as a critical step towards enhancing the competitiveness of China's aviation fuel industry and promoting green transformation [5][7]. - Sustainable aviation fuel (SAF) is recognized as a key pathway for reducing carbon emissions in the aviation sector, with global SAF consumption projected to reach 1.8 million tons by 2030 [7]. - Sinopec is noted for being one of the first companies in China to produce SAF, which can reduce carbon emissions by over 50% compared to traditional aviation fuel [7][8]. Group 4: Strategic Implications - This merger is part of a broader initiative to optimize the layout of state-owned enterprises and concentrate state capital in critical industries related to national security and economic lifelines [8]. - The restructuring aligns with the strategic goals set forth by the State-owned Assets Supervision and Administration Commission (SASAC) to enhance the core functions and competitiveness of state-owned enterprises [8].

Core Viewpoint - The article discusses the structural contradictions in China's computing power market, highlighting the imbalance between high-end computing demand and underutilized general computing resources, necessitating a systemic solution to optimize the synergy between computing power, electricity, and data flow [1][2]. Group 1: Structural Issues - There is a significant disparity in the utilization of computing power, with high-end GPUs like H100 being in high demand while some data centers in the west operate at only 20% to 30% capacity [1]. - The natural temporal and spatial characteristics of computing power and electricity create operational discrepancies, leading to inefficiencies in data transmission and processing [1][2]. - Infrastructure development has a mismatch in pace, with electricity grid construction taking 5 to 8 years while computing centers can be established in 1 to 2 years, resulting in idle data centers in the west [2]. Group 2: Economic Factors - The low electricity prices in the west mask hidden costs associated with auxiliary services and capacity compensation, leading to a situation where the effective cost of electricity approaches that of eastern regions [2]. - There is an imbalance in profit distribution, where the west bears the energy consumption and environmental pressures of data centers but receives limited financial benefits, primarily from rent and electricity fees [2]. Group 3: Proposed Solutions - The integration of "source-network-load-storage-computing" development is recommended, with the establishment of computing centers in resource-rich western areas to enhance energy utilization efficiency [3]. - A national "computing-electricity coordination project library" should be established to streamline the approval process for data centers and renewable energy projects, ensuring timely execution [3]. - Transparency in electricity pricing and the introduction of financial derivatives to stabilize long-term costs are essential for attracting investment in computing power [4]. - New profit-sharing models, such as the "computing power equity" model, are proposed to enhance local fiscal sustainability and create a more equitable distribution of benefits between eastern and western regions [5].

Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued the "Basic Rules for the Medium and Long-term Electricity Market," providing essential institutional support for the construction of a unified national electricity market [1] Group 1: Pricing Mechanism Changes - The new rules eliminate the rigidly defined time-based electricity pricing, allowing market participants to negotiate prices based on supply and demand dynamics [2][3] - This shift enables electricity users and producers to express their preferences for different time-based pricing, leading to more efficient and flexible market allocation of electricity resources [3] Group 2: Trading Flexibility - The rules introduce a more flexible trading mechanism, transitioning from a "scheduled bulk purchase" model to an "on-demand fresh supply" model, enhancing trading flexibility and accommodating high proportions of renewable energy [4][5] - Long-term contracts can still be negotiated at fixed times, while short-term transactions can occur daily, allowing for adjustments based on real-time supply and demand [4] Group 3: Price Alignment - The new regulations aim to gradually align the price limits of medium and long-term trading with those of spot trading, reducing arbitrage opportunities that distort price signals [6][8] - This alignment will create a coherent pricing system across different trading periods, enabling better price transmission and stability for electricity investments and consumption decisions [8]

Core Insights - The Three Gorges Group held its 2026 work conference and the second session of the fourth employee representative assembly in Wuhan, focusing on implementing Xi Jinping's thoughts and summarizing the achievements of the 14th Five-Year Plan while planning for the 15th Five-Year Plan [1][2] Group 1 - The conference emphasized the importance of the 15th Five-Year Plan as a critical period for achieving socialist modernization and outlined the need to align with Xi Jinping's directives for central enterprises [2] - The company aims to enhance its strategic mission and value creation while ensuring high-quality development and safety, contributing to national strategies such as the "Yangtze River Strategy" and the "Belt and Road Initiative" [2] - The company plans to focus on green development, deepen reforms, and promote technological innovation while maintaining a strong commitment to risk management and strict party governance [2]

"十四五"以来，福建省以约占全国3%的人口、1.3%的土地、3%的能耗，创造了全国4.3%的经济总量。 高颜值生态与高质量发展同频共振的背后，离不开清洁能源的有力支撑。截至2025年底，福建全省电源 装机容量首次突破1亿千瓦，达10049万千瓦。其中，清洁能源装机占比达65.8%。 近年来，国网福建省电力有限公司（以下简称"福建电力"）加快推进新型电力系统省级示范区建设，在 建设坚强主干网、提升系统调节能力上持续发力，全面提升电网资源配置能力，服务能源绿色低碳发 展。 同时，福建电力加快省内电网建设，形成"四纵三横"500千伏主干网架，服务各类电源安全高效送出。 2023年12月投运的1000千伏福州—厦门特高压交流工程可提升福建电网北电南送能力300万千瓦，促进 沿海核电、风电等清洁能源开发利用。 结合闽南、闽东北海上风电等大规模清洁能源开发，福建电力超前布局闽南、闽东北"海电登陆"汇集送 出通道，服务"十五五"期间新增1000万千瓦以上海上风电开发。 搭建数智平台 绿电"落得下" 福建海上风电资源理论蕴藏量超过1.2亿千瓦，屋顶分布式光伏发电理论可开发容量超过2730万千瓦。 风电和光伏发电具有间歇性、随 ...

2025年12月18日，调控中心组织开展"凡事必较真，事前零容忍"安全文化活动，加大力度宣贯广东电网 公司党建领安8条和中心安全管理15条准则，以历年电网安全生产典型案例为题干，让员工主动辨识案 例中的安全隐患和风险点，通过互动答题增强安全防范意识，提升全员思想认知水平，营造沉浸式安全 环境，使安全理念植入行为、筑牢根基。 深化运用"铁三角"机制 2025年12月29日，南方电网广东电网电力调度大厅屏幕显示，广东电网安全运行天数已达10970天，意 味着全国最大省级电网安全稳定运行超过30年。 2025年，广东成为全国首个用电负荷突破1.6亿千瓦的省份，同比增长4.38%，南方电网广东电网调控中 心（以下简称"调控中心"）作为电网系统运行指挥"最强大脑"，着力培育"凡事必较真，事前零容忍"安 全文化生态，在能源供应、调度运行等重要任务中发挥着坚强稳定的安全支撑作用。 "凡事必较真，事前零容忍" 调控中心党委构建全域闭环安全监督体系，以最高标准圆满完成"十五运"保电监管任务。在关键生产任 务和重大风险挑战面前，服务型党组织发挥战斗堡垒作用，齐抓共管保安全，精准发布防风防汛应急预 警11次，高效启动应急响应37次 ...

Core Viewpoint - The meeting held by the Ministry of Industry and Information Technology, along with other departments, aims to regulate the competitive order in the power and energy storage battery industry, addressing irrational competition and ensuring sustainable development [1][2]. Group 1: Industry Development - The power and energy storage battery industry in China has developed rapidly and achieved a competitive advantage globally [1]. - There are issues such as blind construction and irrational price competition that disrupt the normal market order and weaken the industry's sustainable development capacity [1]. Group 2: Regulatory Measures - Strengthening market supervision and increasing enforcement of price regulations are essential to combat low-price competition and ensure product quality [1]. - The establishment of a capacity management system, including monitoring and early warning mechanisms, is necessary to prevent overcapacity risks [1]. Group 3: Industry Self-Regulation - Supporting industry self-discipline and leveraging the role of industry associations can guide enterprises in scientific capacity layout and promote a fair competitive market order [1]. - Emphasizing regional collaboration and coordination between central and local governments is crucial for guiding local enterprises and controlling redundant construction [1].

Core Insights - The Northwest Power Grid is set to achieve a record scale of cross-regional direct current and 750 kV projects by 2025, with the addition of 4 new cross-regional direct current projects and 35 new 750 kV projects, supporting national energy security and regional economic development [1] - By 2025, the direct current delivery capacity of the Northwest Power Grid will exceed 95 million kW, an increase of 24.6 million kW compared to 2024, surpassing the total increase during the 13th Five-Year Plan period [1] - The construction of key 750 kV projects will enhance the structure of the Northwest main grid, improving both power delivery capacity and supply reliability [1][2] Project Details - In 2025, the Northwest Power Grid will see the completion of 15 new substations, 36 main transformers, and 57 new lines, marking a historic high in scale [1] - The successful implementation of these projects is attributed to effective coordination between the State Grid Northwest Branch and relevant government departments, ensuring timely and safe operation [1] Strategic Importance - During the 14th Five-Year Plan period, the total scale of the Northwest Power Grid is expected to grow by over 50% compared to the end of the 13th Five-Year Plan, reinforcing its role in power security and resource optimization [2] - The developments in the Northwest Power Grid are crucial for supporting the construction of clean energy bases and the implementation of the new era's western development strategy [2]