智通财经网·2025-07-10 00:46Core Viewpoint - The green electricity direct connection model is expected to benefit export-oriented enterprises' demand for direct green electricity, enhancing the utilization rate of power generation and helping users reduce carbon emissions [1][2]. Group 1: New Consumption Model - The green electricity direct connection model addresses the carbon reduction needs of enterprises, evolving from previous regional pilot projects integrating source, network, load, and storage [2]. - With the EU carbon border tax policy set to be implemented in 2026, export-oriented enterprises face significant carbon reduction pressure, making the green electricity direct connection model advantageous for clear physical tracing of electricity consumption [2]. Group 2: Cost Savings in Direct Connection - Although self-generated electricity under the green electricity direct connection model requires payment of various fees, it is expected to save costs in several areas, including: 1. Line loss costs due to lower line loss rates compared to the large grid [3]. 2. Transmission and distribution fees, which are significantly lower than purchasing electricity from the large grid [3]. 3. Policy cross-subsidies, which may be exempted for self-generated electricity based on supportive policies in some provinces [3]. 4. System operation fees, which are still applicable but reduced due to decreased reliance on the large grid [3]. 5. Government funds and surcharges, which will still be required as per policy [3]. - The estimated savings on intermediate electricity costs for self-generated electricity in Jiangsu, Zhejiang, Shandong, and Guangdong provinces range from 0.09 to 0.13 yuan/kWh, indicating significant cost reduction [3]. Group 3: Attractive Return Levels - The green electricity direct connection projects are expected to yield higher returns due to enhanced consumption capacity, reduced auxiliary service costs, and savings from intermediate fees [4]. - Simulations indicate that under the current coastal photovoltaic cost and price levels, the capital return rate for projects using the green electricity direct connection model could reach around 9%, making it attractive for operators amid uncertainties in regional price settlement mechanisms [4].