Core Viewpoint - The article emphasizes the importance of advancing energy technology innovation and establishing a new energy system during the "15th Five-Year Plan" period, aligning with China's modernization goals and the strategic tasks outlined by the Communist Party [3][4]. Group 1: Energy Technology Innovation - The "15th Five-Year Plan" aims to build a strong energy nation, with a focus on high-quality development and technological self-reliance [3][4]. - The National Energy Administration will develop an energy technology innovation plan for 2026, providing robust technological support for the construction of a strong energy nation [3][4]. - Key areas of focus include enhancing the overall effectiveness of the energy technology innovation system and promoting original and core technology breakthroughs [4][6]. Group 2: Strategic Goals and Implementation - The strategic goals include establishing a new energy system and enhancing energy security through technological advancements [4][5]. - The plan emphasizes the integration of technological innovation with industrial innovation, particularly in areas like artificial intelligence and new energy storage [4][6]. - Specific actions include the implementation of major national technology projects and the promotion of energy efficiency and green development [7][8]. Group 3: Challenges and Opportunities - The energy sector faces both opportunities and challenges, including the need for green and low-carbon technology innovations and the competition in emerging fields like hydrogen and nuclear fusion [6][9]. - The integration of artificial intelligence into the energy sector is seen as a transformative factor that can reshape global energy competition [6][9]. - The article highlights the necessity for a proactive approach to maintain control over energy technology development amid international competition [6][9].

路径既定，步履铿锵。会上，南瑞集团明确了"十五五"时期的发展路径：紧扣技术演进趋势，把握电力 电子化、柔性化与AI智能化、融合化"两个方向"；立足产业发展需求，加快构建覆盖电网、能源互联 网、工业互联网"三域"及感知、控制、平台、应用"四层"的"三域四层"业务架构；聚焦跨界融合场景， 重点发力电网、水网、管网、交通网"四网"融合应用，以核心技术优势开拓跨界发展新空间，让科技赋 能能源产业高质量发展。 开局关乎全局，起步决定后程。为确保"十五五"发展开好局、起好步，南瑞集团为新一年发展划定"施 工图"、制定"任务书"：聚焦责任，全力服务"国之大者"，扛牢能源保供与科技攻关使命；聚焦方向， 全力深化改革攻坚，激活企业发展内生动力；聚焦创新，全力实施创新驱动，筑牢科技自立自强根基； 聚焦潜力，全力打造增长曲线，培育高质量发展新动能；聚焦客户，全力加快市场拓展，提升市场服务 能力与品牌影响力；聚焦价值，全力提升管理效能，推动企业精益化运营；聚焦风险，全力筑牢合规堤 坝，保障企业稳健发展；聚焦党建，全面落实主体责任，以高质量党建引领高质量发展。（朱虹璇） 责任编辑：于彤彤 2月的南京，春潮涌动，奋进正当时。2月2日，国 ...

此次检修涵盖1000千伏特高压巴岳变电站2号主变例行检修、专项检查、消缺、技改、技术监督等内 容，由运维、检修、试验、保护自动化等多专业团队协同开展，聚焦2号主变、GIS设备等核心部件， 累计完成一、二次设备例行试验与定期校验近300台（套），同步实施主变套管在线监测系统安装、 GIS隔离开关触头行程调整等4类专项检修，成功处理计划缺陷41项，研判并处置2号主变C相非电量保 护电缆绝缘值偏低等重大技术监督问题4项，设备各项参数均恢复至最优标准，为春节期间民生用电保 障奠定坚实基础。 据了解，1000千伏特高压巴岳站首次检修工作预计持续至今年6月3日，其间将陆续完成站内所有一、二 次主辅设备首次检修任务，同步整改基建遗留问题、治理新增运维缺陷，进一步提升西南电网电力资源 优化配置能力，为新型能源体系建设及成渝地区双城经济圈高质量发展注入强劲电力动能。 2月5日凌晨1时许，国网重庆超高压公司1000千伏特高压巴岳变电站2号主变送电成功，2号主变首次检 修工作圆满结束，该站年度检修序幕也正式拉开。此次检修是巴岳站投运406天以来的首次大型综合性 检修，也是重庆地区首次自主开展特高压设备检修工作。 ...

Core Viewpoint - China's energy investment in Belt and Road Initiative (BRI) countries is evolving towards green transformation, inclusivity, intelligent upgrades, and systematic risk management, aiming to become a stabilizer for global energy transition and a connector for common development [1] Group 1: Investment Focus on Low-Carbon Fields - China is leveraging its technological innovation and cost advantages in solar and wind energy to drive global energy transition, with a commitment to implement new projects of "10 million kilowatts of solar" and "10 million kilowatts of wind" in collaboration with other Shanghai Cooperation Organization (SCO) countries over the next five years [2] - The complete green energy industry chain established by China, from core component production to project operation, enables it to provide integrated solutions for BRI countries, aligning with their economic capabilities [2] - The demand for renewable energy is expected to grow significantly, with Wood Mackenzie estimating that the installed capacity for wind and solar power in Pakistan, Indonesia, Vietnam, Saudi Arabia, and Malaysia will reach 120 gigawatts, requiring an investment of $73 billion [2] Group 2: Emphasis on Inclusive Investment Projects - Approximately 730 million people globally lack access to electricity, highlighting the urgent need for energy transition and international cooperation [3] - Chinese enterprises are shifting energy cooperation from infrastructure output to development empowerment, providing cost-effective and tailored energy solutions for developing countries [3] - Projects like the wind power initiatives in South Africa and Kazakhstan not only address local electricity shortages but also promote local development through talent training and community support [3] Group 3: Efficiency Enhancement through Technological Innovation - Technological innovation is becoming the core competitive advantage in BRI energy investments, with AI and digital technologies significantly improving project efficiency and reducing costs by 15% to 30% [4] - Chinese companies are applying AI and big data in overseas projects, achieving notable efficiency gains, and continuously making breakthroughs in solar and wind energy technologies [4] - The internationalization of Chinese renewable energy standards is accelerating, enhancing compatibility and interconnectivity of regional equipment [4] Group 4: Risk Governance Covering the Entire Lifecycle - As the scale and complexity of BRI energy investments increase, there is a growing emphasis on systematic risk management throughout the project lifecycle [5][6] - Chinese enterprises have developed effective risk management mechanisms, including thorough feasibility studies and compliance management to ensure adherence to local laws and international standards [6] - The approach to risk management is evolving from traditional project-level strategies to a more systematic and networked governance model, requiring collaboration among governments and stakeholders to build resilient risk governance networks [6]

Core Insights - The national carbon emissions trading market has achieved significant progress, with a cumulative trading volume of 865 million tons and a transaction value of 57.663 billion RMB by the end of December 2025 [1] - The market is a crucial policy tool for addressing climate change and promoting a comprehensive green transition in the economy and society [1] - The trading volume for 2025 is projected to reach 235 million tons, a year-on-year increase of approximately 24%, with a transaction value of 14.630 billion RMB [2] Group 1 - The national carbon market has expanded its coverage to include approximately 3,300 key emission units, accounting for about 65% of the country's carbon dioxide emissions [1] - The trading price remained stable, with a closing price of 74.63 RMB per ton at the end of 2025 and an average trading price of 62.36 RMB per ton throughout the year [2] - The market has established a robust data quality management mechanism, including a three-tier review system and monthly verification of key carbon emission data [2] Group 2 - The Ministry of Ecology and Environment plans to accelerate the development of the national carbon market by refining the regulatory framework and expanding the industry coverage [3] - The Supreme People's Court has issued judicial guidelines to support the dual carbon goals, focusing on cases related to new energy, carbon markets, and green finance [3] - Over the past five years, the court has resolved 311,000 cases related to resource and energy, with a notable decrease in mining-related criminal and administrative cases in 2025 compared to 2021 [3]

2月6日，华北电力大学国家能源发展战略研究院会同社会科学文献出版社，在中国能源研究会配售电专 委会的组织下联合发布《能源治理蓝皮书：中国能源治理现代化报告（2025）》。报告聚焦战略规划、 科技创新、市场机制等核心领域，系统梳理2024~2025年能源治理政策实践，提出针对性发展建议。 报告指出，绿色低碳理念已贯穿能源治理全过程，新型电力系统建设成为政策聚焦重点，电力市场改革 持续走深走实。作为电力市场化改革的关键抓手，新能源全量入市正释放多重转型红利：通过推动新能 源交易、绿电交易、绿证交易的价值衔接，将完善科学价格发现机制，为多层次全国统一电力市场体系 筑牢基础。同时，这一举措将重构"源网荷储"多元主体商业模式，火电向灵活性调节资源转型，新能源 电站通过"新能源+储能"模式优化运营，推动电力市场从单向发用电模式向多主体互动格局转变。 "2026年推动中国能源治理现代化，要在能源资源配置市场化方面做透文章。"华北电力大学国家能源发 展战略研究院教授、中国能源研究会配售电专委会副主任王鹏提出，站在全国统一电力市场初步建成和 油气"全国一张网"初步建成的新起点，要纵深推动全国能源统一大市场，把统一市场与国家区域 ...

据悉，一季度广州重点工程建设热潮涌动。除挂绿变电站外，500千伏海珠站、傍海站，220千伏棠下柔 直背靠背工程、员热二通道等一批电力项目正加速推进，形成"多点开花、齐头并进"的建设格局，以电 网硬实力为"再造新广州"筑牢能源根基。（洪林 张夏菲 苏晨茜） 责任编辑：于彤彤 1月29日，广州220千伏挂绿变电站正式投产送电。这座因选址增城挂绿荔枝核心产区而得名的电力枢 纽，是广州"十五五"期间投运的首座变电站，不仅为荔枝之乡注入强劲动能，更进一步筑牢广州东部电 网安全稳定防线。 增城地处粤港澳大湾区核心节点，作为广州东部中心重要承载区，坐拥国家级开发区与"芯显车"产业集 群，是穗莞深港黄金走廊关键枢纽。挂绿变电站可满足区域近十年用电增长需求，为增芯科技、超视界 等龙头企业提供稳定电力保障，更助力增城打造国家城乡融合发展试验区，为"百千万工程"与东部崛起 注入硬核"电力引擎"，服务环南昆山—罗浮山引领区高质量发展。 工程建设中，绿色理念与科技赋能贯穿始终。南网广州供电局采用低噪声设备、扬尘在线监测技术，最 大程度保护周边环境；引入无人机放线、旋挖钻机开挖等手段，机械化施工率达90.2%，既降低人工强 度，又减少生 ...

1月29日，贵州"十五五"首条新能源通道——500千伏乌撒变电站至220千伏威宁变电站线路工程正式投 运，标志着南方电网贵州毕节供电局新能源输送能力迈上新台阶。 该工程地处威宁彝族回族苗族自治县小海镇和平村等地，新建高压输电线路16.835千米、铁塔61基，穿 越乌蒙山区复杂地形，是打通威宁新能源外送的关键通道，精准破解了当地绿电"出山"难题。 工程投运后成效显著，威宁地区新能源输送能力提升59.6万千瓦，每年可多消纳清洁电能7.7亿千瓦时， 相当于减少标准煤消耗31万吨，生态效益与社会效益同步彰显。工程的投运不仅优化了黔西北电网结 构，更直接服务威宁107万千瓦风电、149万千瓦光伏的稳定送出，同时让沿途小海、羊街等乡镇生产生 活用电更趋稳定。（廖瑶瑶 刘凯） 责任编辑：于彤彤 工程建设过程中，建设者们攻坚克难、勇挑重担。20号铁塔选址处山高坡陡近乎垂直，运输通行极为艰 险，项目部迎难而上，耗时3个月修建1.2千米施工道路直达山巅，保障工程有序推进。线路建设选材严 苛，导线采用钢芯铝合金绞线，地线选用铝包钢绞线，配套复合光缆，全方位确保线路安全稳定、经久 耐用。 ...

2月5日，随着3号主变压器冲击送电成功，国网山东省电力公司乳山500千伏变电站建成投运。 乳山变位于山东威海乳山市，本期安装100万千伏安变压器1组，新建500千伏出线间隔7个、220千伏出 线间隔14个；远景规划安装主变4台、建设500千伏出线10回。据了解，该站是山东电力"十五五"时期首 座建成投运的新建500千伏变电站。 ...

Core Viewpoint - Negative electricity prices in Germany have evolved from an anomaly to a structural feature in the context of high renewable energy integration, with significant implications for market mechanisms and energy transition [1][2]. Group 1: Negative Electricity Prices - In 2023, Germany experienced negative electricity prices for a total of 301 hours, which is projected to increase to 459 hours in 2024 and nearly 575 hours by the end of 2025 [1]. - The lowest recorded negative price was approximately -250 euros per megawatt-hour on May 11, 2025 [1]. - Negative prices are a result of the real-time balancing nature of electricity and the priority access granted to renewable energy sources, leading to supply exceeding demand during low-load periods [3]. Group 2: Support and Criticism of Negative Prices - Proponents argue that negative prices serve as an effective market signal, reflecting the scarcity of system flexibility and incentivizing the development of storage and demand response resources [4]. - Critics highlight that negative prices increase operational costs for the electricity system and can undermine the viability of traditional power plants, which still incur fixed costs during negative price periods [4]. Group 3: Policy and Economic Considerations - The German government maintains the existence of negative prices for several reasons: they are seen as a necessary mechanism for market clearing, a natural consequence of transitioning to a high renewable energy supply, and a stimulus for technological innovation [4]. - The introduction of stricter policies, such as the "4-hour rule" and its upcoming replacement with a "3-hour rule," aims to encourage renewable energy sources to limit output during negative price periods [6]. Group 4: Demand-Side Management - Germany's demand-side management is transitioning from passive response to active collaboration, with policies incentivizing flexible resources and investments in decarbonization and energy efficiency [7][8]. - The Power-to-Heat innovation is highlighted as a key technology that allows for the conversion of excess renewable energy into heat, thus creating a more flexible energy resource [8]. Group 5: Reliability and Safety Mechanisms - Germany has established a robust re-dispatch mechanism to ensure physical safety in the electricity system, decoupling economic signals from physical reliability [10]. - The country utilizes cross-border electricity trading to alleviate domestic grid pressure during negative price periods, enhancing system stability [11]. - The Loss of Load Expectation (LOLE) metric is employed to set proactive safety boundaries for the system, ensuring sufficient backup capacity during extreme price fluctuations [12]. Group 6: Conclusion on System Resilience - The German experience illustrates that negative prices and electricity system safety are not mutually exclusive but can be harmonized through institutional innovation [14]. - The integration of market mechanisms into the physical safety architecture of the electricity system provides a model for managing market volatility while ensuring stable power supply in a high renewable energy context [14].