DEC(SH:600875) Bei Ke Cai Jing·2025-09-05 09:25Policy Release - The National Development and Reform Commission is soliciting public opinions on the draft of the "Basic Rules for the Long-term Electricity Market" to regulate the long-term electricity market and protect the rights of various operators [1] - The draft emphasizes the importance of balancing long-term supply and demand for electricity and stabilizing market expectations through the long-term electricity market [1] Industry Dynamics - The National Energy Administration released the "China Natural Gas Development Report (2025)," predicting a 7.3% year-on-year increase in natural gas consumption in 2024, with urban gas consumption growing by 11.1% [3] - Reports indicate that by 2035, electricity will account for over 40% of total energy consumption in China, up from 30% currently [4][5] - The world's largest offshore wind turbine, with a capacity of 26 megawatts, has been successfully installed, marking a significant advancement in high-end equipment manufacturing in China [6] - The largest "coal-fired molten salt thermal storage" project in China has commenced commercial operation, enhancing the flexibility of coal-fired power generation [7][8] Local News - Xiamen has released the first national contract template for the maritime transport of lithium battery energy storage systems, aiming to standardize the industry and facilitate international trade [9][10] - Qinghai Province plans to achieve a green and low-carbon transformation for export-oriented enterprises by 2030, focusing on industries like aluminum and lithium batteries [11] - Guangdong Province is exploring a "green electricity direct connection" model for industrial parks to optimize energy supply [12] - Sichuan Province aims for its renewable energy industry chain to exceed 500 billion yuan in revenue by 2027, focusing on solar, wind, and hydrogen energy [12] Carbon Market Development - The Central Government has released the first official document on carbon market development, outlining a roadmap for expanding the market to cover more industries by 2027 [13][14] - The document emphasizes the importance of enhancing market functions and expanding trading products and participants to improve market vitality [19][20]