Workflow
电力辅助服务市场价格机制
icon
Search documents
青海调用储能调峰0.3247元/kWh,宁夏虚拟电厂调峰上限0.19元/kWh!西北明确电力辅助服务市场价格机制
中关村储能产业技术联盟· 2025-06-14 02:03
Core Viewpoint - The article discusses the adjustments made to the peak shaving auxiliary service market price mechanism in Qinghai, as outlined by the Qinghai Electric Power Market Management Committee, emphasizing the integration of auxiliary services with the spot market [1][4]. Group 1: Adjustment of Peak Shaving Auxiliary Service Market Price Cap - The price cap for peak shaving auxiliary services has been adjusted based on the principle of not exceeding the on-grid electricity price of local grid-connected renewable energy projects. The new price caps for deep peak shaving in thermal power are as follows: - Shaanxi: 0.3545 CNY/kWh - Ningxia: 0.2595 CNY/kWh - Qinghai: 0.3247 CNY/kWh [2][10][13]. - The peak shaving trading cap for virtual power plants in Ningxia remains at 0.19 CNY/kWh, while other types of peak shaving trading will follow the deep peak shaving price cap for thermal power [2][13]. Group 2: Strengthening Integration with the Spot Market - During the period when the electricity spot market is not operational, the peak shaving auxiliary service market will operate according to market rules. During the trial settlement period, no compensation will be provided for peak shaving services [4][10]. - Once the spot market is continuously operational, the peak shaving auxiliary service market will generally cease to operate, encouraging market participants to respond to spot market price signals for peak shaving and valley filling, thereby integrating the functions of the peak shaving market into the spot market [4][10].
青海调用储能调峰0.3247元/kWh,宁夏虚拟电厂调峰上限0.19元/kWh!西北明确电力辅助服务市场价格机制
Core Viewpoint - The article discusses the adjustments made to the peak shaving auxiliary service market price mechanism in Qinghai, as per the notice issued by the Qinghai Electric Power Market Management Committee, which aims to align with the national energy regulatory framework and improve market efficiency [1][5]. Group 1: Adjustment of Peak Shaving Auxiliary Service Market Price Cap - The price cap for peak shaving auxiliary services has been adjusted based on the principle of not exceeding the local grid-connected electricity price of renewable energy projects. The new price caps for deep peak shaving in thermal power are as follows: - Shaanxi: 0.3545 CNY/kWh - Ningxia: 0.2595 CNY/kWh - Qinghai: 0.3247 CNY/kWh [2][10][13]. - The peak shaving trading cap for virtual power plants in Ningxia remains at 0.19 CNY/kWh, while other types of peak shaving trading will follow the thermal power deep peak shaving price cap [2][13]. Group 2: Strengthening the Connection Between Auxiliary Service Market and Spot Market - During the period when the electricity spot market is not operational, the peak shaving auxiliary service market will operate according to market rules. During the trial settlement period, no compensation will be provided for peak shaving services [4][12]. - Once the spot market is continuously operational, the peak shaving auxiliary service market will generally cease to operate, encouraging market participants to respond to spot market price signals for peak shaving and valley filling, thereby integrating the functions of the peak shaving market into the spot market [4][12].
中国广核(003816):业绩低于预期关注辅助服务费用下降和新机组投产
Hua Yuan Zheng Quan· 2025-04-25 14:09
Investment Rating - The investment rating for China General Nuclear Power Corporation is "Buy" (maintained) [6] Core Views - The company's performance in Q1 2025 was below expectations, with a revenue of 20.03 billion yuan, a year-on-year increase of 4.41%, and a net profit attributable to shareholders of 3.03 billion yuan, a year-on-year decline of 16.1% [8] - The decline in performance is primarily attributed to a decrease in market-based electricity prices, increased costs, and higher income tax expenses [8] - The company achieved an on-grid electricity volume of 45.22 billion kWh in Q1 2025, a year-on-year increase of 14.1%, but revenue growth was limited due to a drop in on-grid electricity prices [8] - The auxiliary service policy in Liaoning is expected to enhance profitability for the Hongyanhe unit, despite a decrease in electricity volume [8] - The company has 16 units under construction, ensuring long-term growth in installed capacity, with the potential injection of the Huizhou unit expected to start within the year [8] Financial Forecasts and Valuation - Revenue forecasts for 2023 to 2027 are as follows: 82.549 billion yuan (2023), 86.804 billion yuan (2024), 87.604 billion yuan (2025E), 90.547 billion yuan (2026E), and 95.866 billion yuan (2027E) [7] - Net profit attributable to shareholders is projected to be 10.725 billion yuan (2023), 10.814 billion yuan (2024), 10.823 billion yuan (2025E), 11.299 billion yuan (2026E), and 11.999 billion yuan (2027E) [7] - The price-to-earnings ratio (P/E) for the years 2025 to 2027 is estimated to be 16.47, 15.78, and 14.86 respectively [7] - The dividend payout ratio for 2024 is expected to be 44.36%, with corresponding dividend yields for 2025 to 2027 projected at 2.7%, 2.8%, and 3.0% [8]