公用事业周报：9月绿证数据发布，碳排放核算体系建设加速

Investment Rating - The investment rating for the utility sector is maintained as "Positive" [1] Core Insights - The issuance and trading data of green certificates for September 2024 shows that 477 million green certificates were issued, bringing the cumulative total to 2.319 billion [2] - The National Development and Reform Commission is working on improving the carbon emission accounting system, aiming for a comprehensive establishment of annual and quick reporting systems by 2025 [2][9] - The completion of water storage tasks at the Baihetan Reservoir and the Yalong River's Lianghekou Hydropower Station is expected to enhance power supply capabilities for the upcoming winter and spring [2][10] Summary by Sections Industry News - The Yalong River Lianghekou Hydropower Station has reached its normal water storage level of 2865 meters, marking its first full storage, which will significantly contribute to power supply and flood control [8] - The Guizhou Provincial Energy Bureau has released a new trading scheme for the electricity market, detailing requirements and trading methods for new energy storage [8][10] - The National Energy Administration has published data on green certificate issuance and trading for September 2024, with a total of 448.7 million certificates traded [12] Key Company Announcements - Datang Power reported a cumulative grid electricity output of approximately 202.119 billion kWh for the first three quarters of 2024, a year-on-year increase of 4.10% [3][14] - China General Nuclear Power Corporation achieved a revenue of 228.93 billion yuan in Q3 2024, reflecting an 11.31% year-on-year increase [3][16] - Huadian International's average grid electricity price for the first three quarters was 510.46 yuan/MWh, down 1.46% year-on-year [3][16] Domestic Electricity Data Tracking - The average weekly electricity spot prices in various provinces show fluctuations, with Guangdong's price at 374.68 yuan/MWh, while prices in other regions have decreased compared to last year [18] - The daily coal consumption of key power plants reached 4.222 million tons, a year-on-year increase of 1.49% [20][22] Fossil Fuel and Hydrological Data Tracking - The spot price of Qinhuangdao port's Q5500 thermal coal was 858 yuan/ton, down 8.24% year-on-year [20] - The inflow rate at the Three Gorges Dam was 7600 cubic meters per second, a decrease of 25.79% compared to the same period last year [22]