公用事业行业周报：合肥上调居民管道天然气价格，港口动力煤库存提升

Investment Rating - The report maintains a positive investment suggestion for the power and gas sectors, highlighting the potential for stable returns and growth opportunities in these industries [1][2][3]. Core Insights - The A-share power index increased by 7.58% as of September 27, 2024, with a TTM PE ratio of 20.8x, while the gas sector index rose by 9.76% with a TTM PE of 12.7x [1][2]. - The report indicates a year-on-year increase of 3.7% in thermal power generation for August, alongside significant growth in renewable energy installations, with wind and solar power capacities increasing by 33.61GW and 139.99GW respectively from January to August 2024 [1][2][3]. - The total installed capacity of power generation in the country reached approximately 3.13 billion kilowatts, reflecting a 14.0% year-on-year growth [1][2][3]. Summary by Sections 1. Power Sector Data Tracking - Thermal Power: The domestic coal spot price increased by 0.57% week-on-week, with Qinhuangdao port coal inventory rising by 19.9% [9][10]. - Hydropower: As of September 27, 2024, the inflow and outflow rates of the Three Gorges Reservoir showed a year-on-year decrease of 42.35% and 68.64% respectively [18][19]. - Green Energy: The cumulative installed capacity for wind and solar energy reached 474.03GW and 752.35GW respectively by the end of August 2024 [26][28]. - Electricity Consumption: The total electricity consumption from January to August 2024 was 65619 billion kWh, reflecting a year-on-year increase of 7.9% [35]. 2. Natural Gas Key Data Tracking - The average ex-factory price of domestic gas decreased by 2.58%, while the imported gas price fell by 0.41% as of September 27, 2024 [39][40]. - The LNG import price was reported at 13.18 USD per million British thermal units, equivalent to approximately 3.28 RMB per cubic meter [37][39]. 3. Industry News - The report notes that Hefei has announced an increase in residential pipeline natural gas prices effective October 15, 2024, with significant adjustments across different pricing tiers [47]. - The report highlights the signing of a green electricity cooperation agreement between Beijing and Inner Mongolia, marking a significant step in renewable energy trading [45].