公用事业行业周报：7月全社会用电量同比+5.7%，国常会核准11台核电机组

Investment Rating - The report maintains its investment rating for the industry [1] Core Views - The electricity sector shows a decrease in coal prices and inventory levels, with the current coal market price at 835 RMB/ton, down 1.18% from the previous week [9] - The total electricity consumption in the first seven months of 2024 increased by 7.7% year-on-year, totaling 55,971 billion kWh [37] - The report highlights the approval of 11 nuclear power units by the State Council, indicating ongoing investment in nuclear energy [45] Summary by Sections 1. Electricity Sector Data Tracking - Coal prices have decreased by 1.2% week-on-week, with Qinhuangdao port coal inventory down 3.9% [9] - The Three Gorges Reservoir's inflow and outflow rates have decreased by 16.25% and 36.68% year-on-year, respectively [20] - New wind and solar power installations in the first seven months of 2024 reached 29.91 GW and 125.53 GW, respectively [28] 2. Natural Gas Key Data Tracking - Domestic gas ex-factory prices increased by 0.73%, while imported gas prices decreased by 0.79% [39] - The average ex-factory price for LNG in Shanghai is 4,949 RMB/ton, down 0.14% from the previous week [41] 3. Industry News - In July, total electricity consumption was 939.6 billion kWh, a year-on-year increase of 5.7% [45] - The cumulative installed capacity of power generation reached approximately 3.1 billion kW by the end of July, a 14% increase year-on-year [45]