电力设备行业研究周报：“绿电直连”规则框架明确

Investment Rating - The report maintains an "Overweight" rating for the electric power equipment industry [7] Core Insights - The recent announcement by the National Development and Reform Commission and the National Energy Administration clarifies the framework for "Green Power Direct Connection," which allows renewable energy sources like wind, solar, and biomass to supply power directly to single users without connecting to the public grid [1][16] - The "Green Power Direct Connection" model ensures that the power source can be physically traced, enhancing the consumption of renewable energy and reducing transmission losses [2][20] - The initiative aims to meet the green energy needs of enterprises, particularly export-oriented companies facing international carbon barriers [11][20] Summary by Sections Green Power Direct Connection Framework - The framework allows for investment primarily by load enterprises, with private companies and non-grid entities also permitted to invest [3][18] - The operational and technical requirements include maintaining a self-consumption ratio of at least 60% of the total available generation and 30% of total consumption for grid-connected projects [20][21] Market Performance - The electric power equipment industry experienced a weekly decline of 2.44%, ranking 30th among 31 primary industries in the Shenwan classification [5][22] - The industry underperformed compared to the CSI 300 index, which saw a decline of 1.08% during the same period [5][22] - Notable stock performances included gains from companies like Changcheng Electric and Huijin Tong, while losses were observed in companies such as Weiguang and Jiangsu Leili [22][29]