计算机：电改加速，数字化技术助推电力市场化

Investment Rating - The report maintains an "Overweight" rating for the industry, consistent with the previous rating [1]. Core Insights - The acceleration of electricity market reforms and the increasing share of renewable energy highlight the significance of digital technologies in achieving marketization of electricity commodities. Companies in the electricity IT sector are expected to benefit significantly. Recommended stocks include Guoneng Rixin and Longxin Group, with beneficiaries including State Grid Information Communication, Dongfang Electronics, Yuanguang Software, and Jinxi Modern [3][5]. Summary by Sections 1. Investment Recommendations - The report emphasizes that with the acceleration of electricity reform and the frequent release of policy guidance, the role of digital technology in the marketization of electricity commodities is becoming increasingly prominent. Companies that are technologically advanced in niche markets and have established relationships with leading power group clients are recommended [5][6]. 2. Acceleration of Electricity Market Reform - The transition from "planned electricity" to "market electricity" has been a challenging process, with significant reforms initiated since 2002. The current reforms aim to establish a multi-layered unified electricity market system by 2025 and achieve a basic completion by 2030 [7][9]. - The construction of a unified national electricity market has entered a new phase, with various policies being implemented to enhance marketization and facilitate inter-provincial and nationwide trading [9][10]. 3. Market Structure and Dynamics - The electricity market consists of energy markets, auxiliary service markets, and capacity markets, which work together to ensure stability and competitiveness. The energy market is further divided into medium-long term and spot markets, with the latter playing a crucial role in price discovery [19][21]. - The report highlights the unique characteristics of electricity as a commodity, emphasizing the need for real-time supply-demand balance and the involvement of specialized market operators [17][19]. 4. Digital Technology as a Support for New Power Systems - Digital technologies are essential for the construction of new power systems, with power prediction technologies enabling more accurate arbitrage opportunities for energy storage systems. This enhances economic efficiency and supports the development of the electricity market [39].