电力行业点评报告：香港RWA注册平台上线，继续关注RWA对虚拟电厂、电交易、碳交易的赋能

Investment Rating - The report maintains an "Overweight" rating for the electricity industry, indicating a positive outlook for the sector in the next 6 months [1][7]. Core Insights - The launch of the RWA registration platform in Hong Kong is expected to empower virtual power plants, electricity trading, and carbon trading, creating new investment opportunities [4]. - The "carbon neutrality" process is advancing, with the EU implementing carbon border adjustment mechanisms that may impact China's exports, signaling a shift towards green electricity value [4]. - RWA projects allow for real-time distribution of asset dynamic income rights based on actual operational performance, enhancing investor returns [4]. - The peak-valley price difference arbitrage is identified as the core revenue source for green power asset RWAs, providing sustainable cash flow [4]. - RWA technology can enhance the revenue and efficiency of green power assets, transitioning from heavy asset operations to light asset models, facilitating global capital sharing [4]. - Investment opportunities are recommended in household photovoltaics, charging piles, and carbon assets, with specific companies like Southern Power Grid Energy and GCL-Poly Energy being highlighted [4].