公用事业行业周报：调峰及储能建设指导意见出台，助力新能源发展

Investment Rating - The industry investment rating is "Recommended" [2] Core Insights - The report highlights the issuance of guidelines by the National Development and Reform Commission and the National Energy Administration to enhance peak regulation and energy storage capabilities, which will support the development of renewable energy [7][9] - The report indicates that by 2027, significant improvements in power system regulation capabilities are expected, with pumped storage capacity exceeding 80 million kilowatts and renewable energy generation accounting for over 20% of total power generation [9] Industry Performance Review - As of March 1, the public utility sector experienced a decline of 1.05%, underperforming compared to the Shanghai and Shenzhen 300 index, which rose by 1.38% [5] - The top five performing companies in the public utility sector included Xiexin Energy (6.32%), Guangzhou Development (5.00%), JinkoSolar (4.98%), Chuaneng Power (4.50%), and Jiufeng Energy (4.48%) [5] Industry Data Tracking - As of March 1, coal inventory for the six major power generation groups reached 12.567 million tons, a year-on-year increase of 6.5% [6] - The average inflow of the Three Gorges Reservoir was 6,457 cubic meters per second, a year-on-year decrease of 10.3% [6] Industry Dynamics - The report discusses the issuance of a notice by the Ministry of Natural Resources to streamline land approval processes for major construction projects, which is expected to support economic recovery [7] - The investment strategy suggests stable coal prices and a favorable environment for thermal power, recommending companies such as Anhui Energy (000543), Huadian International (600027), and Huaneng International (600011) for potential growth [7]