公用事业行业十一月行业动态报告：《能源法》出台，高温缓和导致用电量增速回落

Investment Rating - The report rates the public utility industry as "Recommended" [3][5][52]. Core Insights - The report highlights the introduction of the "Energy Law," which focuses on energy security and green low-carbon transformation [30]. - It notes a significant decline in hydropower generation and a slowdown in electricity consumption growth [32]. - The report emphasizes the performance of the environmental public utility sector and its market capitalization [33]. Industry News - The report discusses the recent passing of the Energy Law, which aims to enhance energy security and promote green energy practices [30]. - It mentions the ongoing adjustments in the energy market, including the impact of new regulations on electricity trading [11]. Industry Data - The report provides data on electricity generation, indicating a year-on-year decrease in hydropower output and a decline in overall electricity consumption growth [32]. - It includes statistics on the carbon trading market and its implications for the energy sector [7]. Investment Recommendations and Stock Pool - The report lists a core stock pool with several recommended companies, including Jiangsu Guoxin, Xiexin Energy, and China Nuclear Power, all rated as "Recommended" [52]. - It provides financial metrics for these companies, highlighting their earnings and growth potential [52].