人民财讯11月7日电，国务院办公厅印发《关于加快场景培育和开放推动新场景大规模应用的实施意 见》。其中提出，清洁能源领域。推动清洁能源在铁路、公交、环卫、重卡、农机、物流等领域开放应 用，建设清洁能源车辆运输走廊，同步布局能源供给站点，打造清洁能源全产业链协同发展应用场景。 推动能源行业清洁低碳转型。创新数字化智能化能源生产运行管理、智能电网、绿电直供、虚拟电厂、 车网互动等一批应用场景，推进绿色能源国际标准和认证机制建设。 ...

如果要选择一种颜色代表一个省份，在福建，绿色一定最具竞争力——广袤林海在层峦 叠嶂间翻涌着碧浪，光伏板在骄阳下泛起蓝色涟漪，风力发电机与天蓝海碧相映成趣，铺展 出一幅绿色的生态画卷。 连续46年全国最"绿"的福建，背后的电力支撑不可或缺。 让"山水画"成为"无价宝" 走进将乐县常口村，林深水美、产业兴旺的图景跃然眼前。"青山绿水是无价之宝"的殷 切嘱托，为这片土地指明了方向。常口村牢记嘱托，坚定守护生态，告别了"靠山吃山"的老 路，实现了从生态优势到发展胜势的华丽转身——生态旅游、研学体验、特色民宿蓬勃兴 起，村民腰包鼓了，绿水青山真正转化为了"金山银山"。 在这场绿色蝶变浪潮中，可靠、智能、绿色的电能是解锁常口村"无价之宝"、将生态优 势转化为发展胜势的关键一环。国网三明供电公司精准对接常口村发展需求，实施农网巩固 提升工程，对全村配电网进行数字化、智能化升级改造。村民们感慨："发展旅游、开办民 ▲三明市将乐县常口村美丽景色 吴小云/摄 宿，样样离不开电，电网升级让游客的体验更好、产业更旺。"充足稳定的电力供应和智能 化的用能服务让村民共享生态红利的路子越走越宽。 常口村的成功，点燃了三明全域绿色发展的星火 ...

Group 1 - The core viewpoint emphasizes the importance of carbon peak and carbon neutrality as a political task for the State Grid Corporation, focusing on the development and safety of energy transition towards a green and low-carbon system [1] - During the 14th Five-Year Plan period, the installed capacity of clean energy generation in the State Grid's operating area increased by 134.7%, with the proportion of clean energy in total installed capacity rising from 42.6% to 59.8% [1] - The company has invested an average of 574 billion yuan annually over the past five years to enhance system regulation capabilities and promote the planning and construction of pumped storage [1] Group 2 - The electricity system is identified as the central link in the energy transition, with a projected rigid growth in electricity demand during the 15th Five-Year Plan period [2] - The construction of a new power system is deemed a top priority, requiring attention to the new changes and challenges brought by the transition, while seizing opportunities for industrial upgrades [2] - The interaction with users will become more extensive, necessitating effective responses to complex load forecasting and flow control [2] Group 3 - Technological innovation is highlighted as a key support for building a new power system, emphasizing the need for goal-oriented and problem-oriented approaches [3] - The establishment of a unified national electricity market is considered essential for optimizing resource allocation and promoting green and low-carbon development [3] - The market mechanism should be improved to guide various resource elements towards a green and low-carbon direction [3]

9月12日，国家发展改革委、国家能源局联合印发《电力现货连续运行地区市场建设指 引》（以下简称《指引》），针对电力现货连续运行地区明确九大指引方向，重点围绕新能 源全面入市后的市场机制适配、系统调节能力提升等核心问题提出解决方案。 从9月11日-12日举办的2025电力市场秋季论坛了解到，《指引》中的多项机制设计与论 坛专家观点高度契合，与会专家围绕现货市场优化、新型主体激活、辅助服务完善等议题的 讨论，为《指引》落地提供了实践参考。 本次论坛由中国电机工程学会电力系统自动化专业委员会主办，联合中国电机工程学会 电力市场专委会、电力系统专委会，及国网浙江省电力公司、国网电科院、中国电科院、国 网能源院、能见科技等七家单位共同搭建行业交流平台。论坛以"加快统一电力市场建设促 进能源清洁低碳转型"为核心主题，深度破解电力市场建设中的顶层设计、实操难题、新型 主体培育、安全保供等关键议题。 现货机制精准化：锚定供需调节核心 《指引》明确提出"支持各地探索完善新能源全面入市下的现货市场机制，优化现货市 场出清机制，形成反映供需关系和调节成本的分时价格信号"，同时要求通过日前交易价格 激励用户参与系统调节，保障电力安全 ...

Core Insights - The launch of the "New Energy Bidding Service" section on the "Online State Grid" app marks a significant step towards digitalization in Gansu's new energy customer-side trading, aligning with national "dual carbon" goals [1] - This initiative is a response to the Gansu Development and Reform Commission and Energy Bureau's plan to promote high-quality development of new energy through market-oriented pricing mechanisms [1] Group 1 - The new service aims to integrate new energy into the electricity market, ensuring fair competition through market-driven pricing [1] - The platform includes five core functional modules: project information submission, volume and price bidding, price settlement agreement signing, bidding agency, and inquiry mechanism [1] - This initiative represents a shift from policy-driven to market-driven new energy development, enhancing Gansu's green and low-carbon growth [1] Group 2 - The company plans to closely monitor market dynamics and continue to enhance the bidding service platform, improving response speed and service accuracy [2] - This ongoing development is intended to support the construction of a new power system and accelerate the transition to clean and low-carbon energy [2]

Core Insights - The "Ningxia-Hunan ±800 kV UHVDC Transmission Project" officially commenced operation on August 20, 2023, marking a significant milestone in renewable energy transmission [1] - This project primarily focuses on transmitting renewable energy from desert and arid regions, with a total length of 1616 kilometers [1] - The project has a maximum transmission capacity of 8 million kilowatts, with over 50% of the transmitted energy coming from renewable sources, and is expected to deliver more than 36 billion kilowatt-hours of electricity to Hunan annually [1] Group 1 - The "Ningxia-Hunan" project serves as a high-voltage direct current (HVDC) channel for renewable energy, enhancing energy security and supporting China's transition to clean energy [1] - The project will enable Ningxia to establish an external transmission capacity of 20 million kilowatts through the "three direct" transmission channels [1] - The operation of this project will help fill the electricity gap in Hunan and promote the region's energy transformation [1]

Investment Rating - The industry rating is "Overweight" [7] Core Insights - In January-February 2025, the total electricity consumption increased by 1.3% year-on-year, with a notable slowdown in growth primarily due to temperature effects [2] - The total electricity generation from large-scale power plants in January-February 2025 was 14,921 billion kWh, a decrease of 1.3% year-on-year, with varying performance across different energy sources [4] - The report emphasizes the long-term growth potential of electricity consumption driven by the transition to clean energy and the acceleration of electricity market reforms [5] Summary by Sections 1. Electricity Consumption Situation - Total electricity consumption in January-February 2025 was 15,564 billion kWh, up 1.3% year-on-year, with a decline in growth rate of 9.7 percentage points [2] - Breakdown by industry: - Primary industry: 20.8 billion kWh, up 8.2% - Secondary industry: 9,636 billion kWh, up 0.9% - Tertiary industry: 2,980 billion kWh, up 3.6% - Urban and rural residential consumption: 2,740 billion kWh, up 0.1% [2] 2. Electricity Production Situation - Total electricity generation in January-February 2025 was 14,921 billion kWh, down 1.3% year-on-year, with a decline in growth rate of 9.6 percentage points [4] - Breakdown by energy source: - Hydropower: 1,461 billion kWh, up 4.5% - Thermal power: 10,214 billion kWh, down 5.8% - Nuclear power: 746 billion kWh, up 7.7% - Wind power: 1,776 billion kWh, up 10.4% - Photovoltaic power: 724 billion kWh, up 27.4% [4] 3. Investment Recommendations - Long-term outlook remains positive for electricity consumption due to the ongoing transition to clean energy and increased electrification [5] - Short to medium-term, the report suggests monitoring the performance of thermal power companies due to falling coal prices and changing supply-demand dynamics [5] - Recommended stocks include Huaneng International and Huaneng Hydropower, with a focus on companies with strong performance stability and high dividend rates [5]