Core Insights - In July, China's total electricity consumption surpassed 1 trillion kilowatt-hours for the first time, reaching 1.02 trillion kilowatt-hours, marking a historic milestone in global electricity consumption [1][3]. Economic Indicators - The July electricity consumption is double that of ten years ago and is equivalent to the total annual electricity consumption of ASEAN countries, indicating significant economic activity [3]. - The increase in electricity usage is closely linked to economic vitality, with industrial electricity consumption showing steady growth, particularly in high-tech manufacturing and the new energy vehicle sector, reflecting ongoing optimization of China's industrial structure [3][5]. Weather Impact - Extreme high temperatures in July contributed significantly to the surge in electricity consumption, with residential electricity usage increasing by 18% year-on-year, and some regions like Henan and Shandong experiencing over 30% growth [5]. Energy Transition - The increase in electricity consumption also highlights a positive trend towards a greener energy structure, with wind and solar power accounting for nearly one-quarter of total electricity generation in July, indicating a shift towards clean and low-carbon energy sources [5]. Future Outlook - The record electricity consumption not only serves as evidence of economic recovery but also illustrates China's pursuit of high-quality development under its "dual carbon" goals, showcasing the country's resilience and vitality as it moves towards a broader future [7].

Report Industry Investment Rating - No relevant content provided Core Viewpoints - Industrial silicon prices are expected to maintain high-level consolidation due to supply increases and mixed demand, with continued attention to silicon enterprise production dynamics [1] - Polysilicon prices are also expected to stay at a high level with large market fluctuations, and it is necessary to continuously monitor macro - sentiment changes and warehouse receipt registration [1] Summary by Related Content Industrial Silicon and Polysilicon Price Changes - The average price of non - oxygenated 553 (East China) industrial silicon remained flat at 9,200 yuan/ton, and the 421 (East China) average price was flat at 9,750 yuan/ton. The futures main contract closing price rose 0.23% to 8,625 yuan/ton [1] - N - type dense material price was flat at 46 yuan/kg, N - type re -投料 price was flat at 47 yuan/kg, N - type mixed material price was flat at 45 yuan/kg, N - type granular silicon price was flat at 44.5 yuan/kg, and the futures main contract closing price fell 0.04% to 52,260 yuan/ton [1] Supply and Demand Analysis - Industrial Silicon - Supply: As silicon prices rise, some previously - overhauled silicon plants in Xinjiang have resumed production. In the southwest, with the arrival of the wet season, power costs have decreased, and enterprise start - up rates are steadily increasing. It is expected that some silicon furnaces will restart in August, and supply will increase steadily [1] - Demand: Polysilicon enterprises continue to reduce production, but some silicon material plants plan to resume production, which will bring some demand increments. An organic silicon plant stopped production for rectification due to an accident, and the recent supply pressure of monomer plants has increased, and prices may be under pressure again. Silicon - aluminum alloy enterprises purchase as needed, and downstream low - level inventory - building willingness is insufficient [1] Supply and Demand Analysis - Polysilicon - Supply: Silicon material enterprises maintain a production - reduction state, but some new production capacity may be put into operation. After offsetting, it is expected that production will increase slightly, reaching nearly 110,000 tons in July and about 130,000 tons in August [1] - Demand: The photovoltaic market is weak, with rising inventories of silicon wafers and silicon materials. Recently, due to the expected increase in polysilicon prices, silicon wafer prices have risen, and the trading atmosphere has improved. However, the terminal market is still weak due to the large - scale pre - installation in the first half of the year [1] Industry News - On August 19, TBEA Co., Ltd. announced that it plans to issue up to 8 billion yuan of convertible corporate bonds to unspecified objects, and the funds will be used for a coal - to - natural - gas project with a total investment of 17.039 billion yuan [1] - From January to June 2025, Shandong Province issued 53.83 million green certificates, a 130.4% increase year - on - year, covering various renewable energy types [1]

值得一提的是，绿电的发展也并非一帆风顺，面临着诸多挑战。例如，风电和光伏具有间歇性和波动性 的特点，发电稳定性受自然条件影响较大。 在此背景下，虚拟电厂作为一种创新的电力运行组织模式，通过运用现代信息通信、系统集成控制等技 术，将分布式电源、储能等各类分散资源聚合起来，作为一个整体参与电力系统优化和电力市场交易 中，为夏日电力供应提供了新的解决方案。 例如，日前，中国长江电力（600900）股份有限公司(以下简称"长江电力")首个自主获取、自主建设、 自主运维的长电新能张掖甘州南滩光电产业园10万千瓦光伏发电项目全容量投产发电，标志着长江电力 首个"抽蓄+"清洁能源基地初步建成。 据记者了解，长江电力项目建成后，预计每年可提供清洁能源约19840万千瓦时，可节约标准煤约5.97 万吨、减少二氧化碳排放约16.35万吨，对助力当地优化能源结构，提升供电安全保障能力有积极意 义。 储能技术作为解决电力供需时空错配问题的关键手段，在夏日电力供应中发挥着不可或缺的作用。协鑫 能源科技股份有限公司(以下简称"协鑫能科（002015）")表示，迎峰度夏对储能电站等调节性电源的需 求不断加大。目前公司电网侧储能项目有两个已 ...