内蒙古通辽市扎鲁特旗光伏风电基地，国网蒙东电力通过电网通道将新能源向外输送。何塔拉/摄 2022年至2024年，国网蒙东电力就服务新能源发展多次组织召开专题会议，与政府部门、发电企业、电力客 户就做好新能源发展工作深入研讨交流，在内蒙古自治区新闻发布厅召开全力服务新能源发展与产业转移"十项举 措"主题新闻发布会，携手蒙东四盟市政府分别成立新型电力系统建设专班，推出硬核举措，加快新能源接网工程 建设，全力服务新能源高质量发展，推动内蒙古自治区能源产业转型发展迈入快车道。 2022年，蒙东首个百万千瓦级风电项目并网发电，蒙东电网累计接入风电、太阳能装机2600万千瓦。2023年 12月，随着内蒙古自治区呼伦贝尔市的伊穆直流外送岭东100万千瓦风光项目送出工程正式投运，国网蒙东电力承 建的国家第一批大型风电光伏基地建设项目送出工程全部投运，全年新增新能源并网装机1058万千瓦。2024年， 通辽238万千瓦新能源送出等责任状工程应投尽投，仅用99天建成投产蒙东兴安蒙能突泉百万千瓦送出工程，全年 新能源项目接网849万千瓦。 2024年12月28日，兴安盟百万千瓦级保障性新能源工程——蒙东兴安蒙能突泉百万千瓦风储基地 ...

截至2025年8月8日当周，沪铝期货主力合约收于20685元/吨，周K线收阳，持仓量环比上周减持11717 手。 中辉期货：宏观情绪有所缓和。产业上，7月份中国电解铝行业含税完全成本为16261元/吨，环比下降 1.7%。8月最新国内电解铝锭库存56.4万吨，环比上周上涨2万吨；国内主流消费地铝棒库存14.25万 吨，环比上周微降0.45万吨。需求端，国内铝下游加工龙头企业开工率环比下滑至58.6%，下游行业疲 弱格局难解。策略推荐：建议沪铝短期反弹抛空机会为主，注意淡季铝锭垒库进度，主力运行区间 【20000-20900】。风险提示：关注全球贸易及关税政策变化。 8月7日，据统计上海保税区电解铝库存为91300吨，广东保税区库存20000吨，总计库存111300吨，库存 较上周增加3800吨。 宁夏发改委制定了《宁夏回族自治区2025年可再生能源电力消纳责任权重分解实施方案》。方案指出， 按国家相关要求，电解铝、钢铁、水泥、多晶硅及数据中心等重点用能行业绿电比例分别不低于 34.2%、34.2%、34.2%、34.2%、80%。 机构观点汇总： 建信期货：基本面上，受几内亚雨季影响8月铝土矿供应有趋紧态势， ...

Investment Rating - The report maintains an "Overweight" rating for the utility sector [1] Core Insights - The National Development and Reform Commission and the National Energy Administration have issued a notice regarding the renewable energy power consumption responsibility weight for 2025, which is set at 34.9%, an increase of 3 percentage points from 31.9% in 2024. The target for 2026 is projected to be 35.8% [4] - A new cross-regional trading mechanism for electricity has been approved, promoting interconnection in the electricity market [4] Industry Data Tracking - **Electricity Price**: The average grid purchase price in May 2025 was 394 RMB/MWh, down 3% year-on-year but up 0.4% month-on-month [39] - **Coal Price**: As of July 11, 2025, the price of thermal coal at Qinhuangdao was 632 RMB/ton, an increase of 8 RMB/ton week-on-week, but down 25.82% year-on-year [44] - **Water Conditions**: The water level at the Three Gorges Reservoir was 157 meters, with inflow and outflow rates decreasing by 18% and 24% year-on-year, respectively [56] - **Electricity Consumption**: Total electricity consumption from January to May 2025 was 3.97 trillion kWh, a year-on-year increase of 3.4% [13] - **Power Generation**: Cumulative power generation from January to May 2025 was 3.73 trillion kWh, with a year-on-year increase of 0.3% [21] - **Installed Capacity**: As of May 31, 2025, the cumulative installed capacity of thermal power reached 1.46 billion kW, with an increase of 4% year-on-year [49] Investment Recommendations - **Thermal Power**: Focus on regional thermal power investment opportunities, recommending companies such as China Power Investment and Huadian International [4] - **Hydropower**: Highlighting the benefits of low-cost hydropower, with a strong cash flow and dividend capacity, recommending companies like Yangtze Power [4] - **Nuclear Power**: Emphasizing growth potential with recent approvals for new units, recommending China National Nuclear Power and China General Nuclear Power [4] - **Green Energy**: Noting improvements in asset quality and growth potential, recommending Longyuan Power and others [4] - **Consumption**: Attention to the smart grid and ultra-high voltage industries, recommending companies involved in these sectors [4]