科学适度的规模和节奏是保障抽水蓄能行业健康发展的关键。今年正式施行的《中华人民共和国能源 法》提出，国家合理布局、积极有序开发建设抽水蓄能电站。为保障2035年抽水蓄能发展需求，赵增海 建议，对各省2024年至2028年布局优化调整方案实施情况，研究建立定期调度机制，对于实施确实存在 困难的项目，及时进行核准计划调整，确保方案有序实施。 我国抽水蓄能站点资源禀赋得天独厚。报告显示，综合考虑地理位置、地形地质、水源条件、水库淹 没、环境影响、工程技术及初步经济性等因素，全国共普查筛选资源站点总规模约16亿千瓦。全国绝大 部分省份均有抽水蓄能站点资源。 在我国深入推进电力市场化改革的背景下，广东省、山东省等地区已率先开展抽水蓄能参与电力市场交 易试点，抽水蓄能市场化运营机制成为各方关注的重点。 "当前，电力现货市场逐步完善，辅助服务市场正在起步，容量市场尚未建立，抽水蓄能全面参与电力 市场仍面临一些挑战，需要结合全国电力市场改革稳步有序实施。"赵增海建议，坚持安全与发展并重 原则，选择典型区域开展差异化试点，同步完善市场机制设计，提升主体市场运营能力，统筹规划调度 运营，建立动态评估优化机制，通过试点经验总结和市 ...

Core Viewpoint - The transition to a market-oriented pricing mechanism for renewable energy in China is expected to enhance market efficiency and promote a low-carbon transformation in the energy sector [1][2][3]. Group 1: Market Changes and Growth - From June 1, 2024, all renewable energy projects' grid-connected electricity will enter the electricity market, with prices determined through market transactions [1]. - In 2024, China's total electricity generation is projected to exceed 10 trillion kilowatt-hours, with wind and solar power generation significantly increasing [2]. - Wind power generation is expected to rise from 885.87 billion kilowatt-hours in 2023 to 997.04 billion kilowatt-hours in 2024, while solar power generation is anticipated to surge from 584.15 billion kilowatt-hours to 839.04 billion kilowatt-hours [2]. Group 2: Market Structure and Competition - The number of registered trading participants has increased from 42,000 in 2016 to 816,000 in 2024, indicating a significant rise in market participation [3]. - The proportion of market-based electricity transactions has grown from 17% in 2016 to 63% in 2024, with cross-regional transactions reaching 1.4 trillion kilowatt-hours [3]. - The new regulations implemented on June 1 are seen as a critical step in the reform of the electricity market, allowing renewable energy to participate in market competition [3][4]. Group 3: Pricing Mechanism and Investment Logic - A flexible pricing mechanism is being established to match the growing electricity demand with supply, enhancing the system's adjustment capabilities [4][5]. - The rapid advancement of marketization is reshaping the investment logic in the energy sector, with power generation companies no longer relying on government subsidies [5][6]. - The market now includes various trading methods, such as long-term contracts and spot trading, which help restore the commodity nature of electricity [7]. Group 4: Challenges and Future Outlook - The transition to market-based pricing introduces uncertainties for renewable energy pricing, with companies needing to adapt to competitive pressures [8]. - The marketization of electricity pricing is expected to drive companies to innovate in technology, operational models, and trading strategies [9]. - The ongoing reforms aim to create a clean, low-carbon, and efficient modern energy system, with a focus on optimizing resource allocation [10].

从功率预测市场需求高增切入看新能源入市的投资机遇 20250602 摘要 新能源入市加速电力市场化改革，尽管市场对推进节奏存在分歧，但当 前供给宽松为改革提供了良好契机，对新能源入市持乐观态度。 新能源全面入市后，新增装机速度将放缓，投资逻辑需转向存量装机运 营。关注细分市场扩张及电力市场运营中的壁垒环节，尤其是在长尾市 场分散主体聚合交易中可能出现的渠道壁垒。 功率预测的重要性由政策驱动转向价值驱动，客户群体扩展至电力市场 交易主体，预测精度直接影响交易价值，高精度预测提升头部供应商市 场份额，并可拓展至电力交易增值服务。 电价预测基于供需平衡，功率预测为其提供服务。市场化后，功率预测 覆盖范围从单个电站扩展至省级区域，下游群体转变为需要电价预测的 电力交易主体，包括发电企业、直接供电企业和售电公司。 现货市场铺开及新能源出力不确定性增加，中长期交易占比高，但短期 月内交易占比将显著提升，以更灵活反映供需，优化资源配置。电价波 动性随新能源占比提升而增大，推动区域功率预测产品需求增长。 Q&A 2025 年电力行业的重大变化是什么？ 2025 年电力行业的重大变化是新能源全面进入电力市场。自 2025 年 ...

Core Viewpoint - The Chinese government has issued an opinion to enhance the market-oriented allocation system for resource and environmental factors, aiming for a comprehensive trading system for carbon emissions, water rights, and pollution rights by 2027, which will support the achievement of related environmental goals [1][2]. Group 1: Carbon Emission Trading - The opinion emphasizes the transition of the national carbon emission trading market from intensity control to total quota control, enhancing the connection between carbon emission rights trading and carbon emission control systems [2]. - The carbon emission trading market currently covers approximately 40% of national CO2 emissions from the power generation sector, and with the inclusion of steel, cement, and aluminum industries, this coverage will exceed 60% [3]. - The distribution system for carbon emission quotas is identified as fundamental for all trading systems, necessitating improvements in the allocation methods to ensure scientific validity [3]. Group 2: Water Rights and Pollution Rights - The opinion outlines the need for strict dual control of total water usage and intensity, promoting the integration of water rights trading and water resource management systems [2]. - A pollution rights trading system will be established based on pollution permits, which will serve as the basis for rights confirmation and regulatory oversight [2]. Group 3: Market Mechanisms and Data Sharing - The opinion calls for the integration of carbon emission rights, water rights, and pollution rights trading into a public resource trading platform, facilitating data sharing and enhancing market efficiency [5]. - A reserve adjustment system for resource and environmental factors will be established to manage supply and demand effectively, including mechanisms for quota management [6]. Group 4: Implementation and Evaluation - The National Development and Reform Commission will oversee the implementation of the opinion, ensuring that local and national markets are aligned and that reforms are effectively executed [6].

（文章来源：经济日报） 北京市发展改革委体改处处长郝婧说，《工作要点》聚焦数据、资本、技术等要素市场制度建设问题， 提出深化要素市场化配置综合改革的一揽子措施。今年，北京将重点培育全国一体化数据市场，开展数 据基础制度先行先试，实行全市公共数据统一目录管理。同时，北京还将积极争取建设全国性技术交易 服务平台，推动北京绿色交易所建立健全配额管理、交易监管、核查核证等机制，形成一批标志性"北 京规则"。 建设全国统一大市场，京津冀要协力以区域市场一体化形成示范突破。根据《工作要点》，京津冀三地 将聚焦政务服务合作、信用监管联动、跨境贸易协同三方面实现率先突破。今年三地将出台京津冀互认 资质资格场景化应用文件，实现20项以上互认资质资格统一规范办理或"亮证即办"，探索将更多京津冀 区域通办事项纳入"一网通办"专区。 下一步，北京将推动《工作要点》与"十四五"规划任务同步实现圆满收官，助力建设全国统一大市场。 本报北京6月1日讯（记者杨学聪、韩秉志）近日，北京市印发《贯彻落实加快建设全国统一大市场意见 实施方案2025年工作要点》，注重解决群众和经营主体反映迫切的痛点堵点，形成同向推动改革发展的 政策集成。 北京市发 ...

Key Points - The platform economy is emphasized for its role in promoting innovation and domestic circulation, with a focus on mutual benefits among platform enterprises, merchants, laborers, and consumers [1] - The release of the "Opinions on Improving the Modern Enterprise System with Chinese Characteristics" outlines 19 specific measures aimed at institutional innovation and enhancing corporate governance through capital market mechanisms [2] - The government aims to establish a comprehensive trading system for carbon emissions and water rights by 2027, alongside a robust pollution rights trading system [2] - The Ministry of Human Resources and Social Security has issued a notice to enhance the salary distribution incentives for skilled workers in state-owned enterprises, promoting a system where pay is linked to skill levels and job value [4] - The sales revenue from the consumption of old goods has surpassed 1 trillion yuan this year, indicating strong consumer engagement in the market [7] Industry Developments - The Ministry of Commerce has called for the construction of intelligent supply chains, leveraging digital economy and AI advancements to enhance governance and standardization [3] - The State Administration for Market Regulation has released a draft guideline on compliance for online platform charging behaviors, aiming to reduce burdens on platform operators and promote fair competition [3] - The manufacturing sector shows signs of recovery, with the PMI rising to 49.5% in May, indicating improved business conditions [7] - The automotive industry has seen significant engagement in the old-for-new consumption policy, with substantial subsidies and participation in various categories [7] - The OPEC and non-OPEC oil-producing countries have agreed to increase production by 411,000 barrels per day starting in July, reflecting ongoing adjustments in the global oil market [10]

5月28日，阳光正好。获嘉县大新庄乡帅庄村，种粮大户王三留站在麦田旁，拿起手机"要"了两台收割 机。不大一会儿，两台收割机就到了田间，开始机收作业。 "这些零星地块先收了，等到成片的麦田大规模成熟时，能腾出更多精力。"王三留说。 自2014年流转土地以来，王三留流转的土地从100多亩增加到现在的500多亩，让他有底气的便是随叫随 到的农业社会化服务组织。耕、种、管、收、销的每一个环节，他都可以随时喊他们"搭把手"。 谁来种地、如何种好地等关键问题，在农业社会化服务组织和种粮大户、家庭农场或小农户的合作中， 得到了有效解决。 目前我省农业社会化服务组织有12.7万个。各地探索出了各具特色、形式多样的农业社会化服务模式， 全省已形成"百千万"市场化服务格局，各经营主体联动效果显著，"平急两用"农业综合服务中心潜力无 限，为粮食增产、农民增收提供了有力保障。 "我们通过加大对新型经营主体和农业社会化服务组织的培育力度，加强服务指导和政策支持，不断发 展壮大农业社会化服务主体。"获嘉县农村土地与合作经济指导服务站站长李欣说。 如今，获嘉县农业社会化服务组织有288个，服务土地面积达62万亩次，服务农户4万户。 走进邓 ...

| 定价机制类型 | 适用对象 | | --- | --- | | 成本加成定价("一厂一价") | 2014年2月前投产的存量水电站 | | 跨区域落地倒推电价 | 跨省 / 区送电的新建水电站 (2014年2月后投产) | | 省内标杆电价 | 省内消纳的新建水电站 (2014年2月后投产) | | 市场化定价 | 全部水电(主要是超计划电量) | | | 2 雪球:聚焦企业内在价值 | 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者：聚焦企业内在价值 来源：雪球 净利润=上网电量x（平均上网电价-度电完全成本） 所以，关于水电，就先从定价机制开始谈起吧！ 中国水电定价机制经历了从政府定价向市场化方向的渐进式改革，目前形成"计划与市场双轨并 行"的多元体系。目前主要包括以下四类： 下面是定价机制以及对应的相关政策： | 阶段 | 政策 | 关键改革内容 | | --- | --- | --- | | 2001 | 规范电价管理有关问题 | 明确按经营期核定水电商平均上网电价 | | 2014 | 完善水电上网电价形成机制 | 新投产电站执行跨区倒推价或省内标杆价 ...

截至2025年5月30日收盘，银星能源（000862）报收于5.49元，较上周的5.42元上涨1.29%。本周，银星 能源5月30日盘中最高价报5.7元。5月26日盘中最低价报5.38元。银星能源当前最新总市值50.4亿元，在 电力板块市值排名78/102，在两市A股市值排名2866/5146。 本周关注点 机构调研要点 公司已完成的贺兰山"以大代小"项目投资收益率均达到了项目可研预期水平，投资收益率约10%。 2024年，依托铝企业千亿度稳定高负荷，围绕降碳、降成本目标，加快分布式光伏项目建设要求，公司 取得18个项目立项批复，目前已完成9个项目并网发电。2025年公司将聚焦中铝集团绿色能源需求，加 速推进剩余分布式光伏项目并网，并积极争取中铝新分布式项目。 公司通过智慧运维中心的建设，以实现对已建成部分风场的定时巡检诊断、故障智能预警、精准功率预 测等功能，提升新能源数智化管控水平，实现新能源场站"无人值班、少人值守、智慧巡检、区域维 检"生产管理新模式，降低运维成本，实现科学高效管理，不断增强企业竞争力。 国家对相关电力市场交易规则在持续完善中。针对市场化交易波动带来的不确定风险，公司将密切关注 电力交 ...

Group 1 - The vitality of the private economy has continued to improve in the first four months of this year [4] - Software business revenue and profit achieved double-digit growth in the first four months [10] - The national housing provident fund contribution amount is expected to exceed 3.6 trillion yuan in 2024 [11] Group 2 - China is accelerating the promotion of market-oriented trading of carbon emission rights [12]