Core Insights - The electricity spot market is a key focus for high-quality development, with nuclear power and coal power transformation competing within the same ecological niche [1][2] - The primary driver for the growth of renewable energy is the Nationally Determined Contributions (NDC), while technological advancements play a secondary role [3] Group 1: Electricity Reform - There is no perfect template for electricity reform; a new type of production relationship is needed, with green electricity consumption as the main line and safety as the bottom line [1] - The issue of "energy trilemma" must be addressed, as water, wind, and solar all derive from the sun and require extensive mutual consumption [1] - A national unified electricity market needs to be established to facilitate this [1] Group 2: Electricity Spot Market - The electricity spot market is crucial for the high-quality development of renewable energy and ultra-high voltage systems [2] - The pricing system is shifting from a multi-track to a single-track system, with a transition from scalar to vector [2] - Key thresholds include: 15% renewable energy generation as a critical point for system cost increases, 15% as a point for grid prosperity, and 20% as a point for increased demand for flexible resources [2] Group 3: Growth of Renewable Energy - The growth of renewable energy primarily stems from NDC, followed by technological progress [3] - Investment recommendations include: 1. Secondary equipment from a grid safety perspective 2. Flexible resources such as nuclear power, coal power transformation, gas turbines, solar thermal, hydroelectric transformation, pumped storage, new energy storage, and user-side adjustments (virtual power plants, V2G, demand response) competing within the same ecological niche [3] 3. The construction of the electricity spot market requires improved metering infrastructure, including both electricity and carbon measurement [3]