——公用事业行业周报（20260315）：\十五五\规划纲要聚焦碳双控，继续看好绿电板块-20260316

Investment Rating - The report maintains a "Buy" rating for the public utility sector, indicating an expected investment return exceeding the market benchmark index by more than 15% over the next 6-12 months [4]. Core Insights - The "14th Five-Year Plan" emphasizes carbon dual control, supporting the green electricity sector. The report highlights a clear trend towards increased consumption of green electricity, driven by policies aimed at enhancing renewable energy integration and reducing carbon emissions [3][7]. - The public utility sector saw a 3.07% increase this week, ranking 4th among 31 sectors, with notable gains in wind power (8.49%) and solar power (5.31%) [16][23]. Summary by Sections Market Performance - The SW public utility sector increased by 3.07%, outperforming the Shanghai Composite Index, which decreased by 0.7%. The sector's performance was bolstered by significant gains in wind and solar energy [16][23]. Coal and Electricity Prices - Domestic coal prices showed a decline, with Qinhuangdao port 5500 kcal coal dropping by 15 CNY/ton. In contrast, imported coal prices increased, with Indonesian coal rising by 10 CNY/ton [10]. - The average clearing price for electricity in Guangdong rose to 332.44 CNY/MWh, while Shanxi's price fell to 226.01 CNY/MWh [11]. Policy Developments - The report discusses the release of the "14th Five-Year Plan," which includes goals for reducing carbon emissions by 17% per unit of GDP and establishing a clean, low-carbon energy system. It outlines the construction of major renewable energy bases and the implementation of a dual control system for carbon emissions [2][7]. Investment Opportunities - The report suggests focusing on power operators involved in data centers, such as Yunnan Energy Holdings and Gansu Energy, as well as long-term stable investments in companies like Yangtze Power and China Nuclear Power [3].