电气设备行业点评：能源局发布《分布式光伏发电开发建设管理办法》征求意见稿，细化分类强调电网公平接入

Investment Rating - The report maintains a "Recommended" rating for the electrical equipment industry, indicating a positive outlook for the sector over the next six months [7]. Core Insights - The National Energy Administration has released a draft for the "Management Measures for the Development and Construction of Distributed Photovoltaic Power Generation," which emphasizes fair access to the grid and categorizes distributed photovoltaic projects into four types [1][3]. - The new regulations aim to alleviate the pressure on the grid by specifying that large commercial distributed photovoltaic projects must use all generated power for self-consumption and are not allowed to sell excess power back to the grid [2][3]. - The draft also states that self-consumed electricity from distributed photovoltaic systems will be exempt from certain government fees, enhancing the economic viability of such projects [3]. Summary by Sections Distributed Photovoltaic Project Classification - The report outlines four categories for distributed photovoltaic projects: 1. Household photovoltaic systems for natural persons with a connection voltage of ≤380V. 2. Household photovoltaic systems for non-natural persons with a connection voltage of ≤10kV and a total capacity of ≤6MW. 3. General commercial distributed photovoltaic systems with a connection voltage of ≤10kV and a total capacity of ≤6MW. 4. Large commercial distributed photovoltaic systems with a connection voltage of 35kV (≤20MW) or 110kV (≤50MW) [1][2]. Market Participation and Policy - The report highlights that distributed photovoltaic projects will participate in the electricity market according to local policies, which will determine pricing and market ratios [5]. - It emphasizes that grid companies must provide non-discriminatory access to projects and cannot unjustifiably delay connection applications [5]. Economic Impact - The draft regulations are expected to positively impact the economic feasibility of distributed photovoltaic projects by reducing financial burdens through exemptions from certain fees [3].