Zheng Quan Shi Bao Wang·2025-10-21 10:00Core Insights - Datang Power Generation (601991) reported a total electricity generation of approximately 206.24 billion kilowatt-hours in the first three quarters, representing a year-on-year increase of about 2.02% [1] - The increase in electricity generation is attributed to the rise in overall electricity consumption and the continuous growth in installed capacity of renewable energy, along with better hydropower generation compared to the same period last year [1] - As of September 30, 2025, the average on-grid electricity price for the company is 430.19 yuan per megawatt-hour (including tax), reflecting a year-on-year decrease of approximately 4.32% [1] - In the first three quarters of 2025, the company's market-oriented electricity trading volume reached approximately 178.60 billion kilowatt-hours, accounting for about 86.6% of the total [1]