在推动能源绿色转型方面，现货、中长期市场价格信号反映了不同时段、不同区域的电力供需关系，让 新能源在电力供应充足时段的环境价值、高峰时段的保供价值得到充分体现；辅助服务市场则进一步完 善了调节资源的价值实现机制，激励调节资源积极参与系统调节。 2025年，跨电网经营区常态化电力交易机制建立，在国家电网、南方电网分别组织电力交易的基础上， 建立了"网上电力商城"，保障全国统一电力市场体系高效运行。迎峰度夏期间，南方区域首次送电支援 上海、浙江、安徽；10月，国家电网与南方电网首次以现货交易形式实现跨区电力调配。 三是绿色电力交易电量迅猛增长，达3285亿千瓦时，同比增长38.3%，规模达到2022年的18倍，多年期 绿电协议成交电量达600亿千瓦时，跨经营区常态化交易机制首次实现大湾区用户用上内蒙古绿电、长 三角用户引入广西绿电。同时，新能源全面参与市场，在交易中心注册的经营主体数量突破100万家。 全国统一电力市场体系为推进新型电力系统建设和经济社会发展提供了重要支持，发挥了多重作用。在 跨地区资源优化方面，西部丰富的清洁能源、北部充足的火电资源能够精准对接东部沿海、南部负荷中 心的用电需求，有效缓解了不同地 ...

财政部、税务总局发布《关于明确增值税应税交易销售额计算口径的公告》。其中提到，纳税人转让金 融商品，以卖出价扣除买入价后的余额计算销售额。 转让金融商品出现的正负差，按盈亏相抵后的余 额计算销售额。若相抵后出现负差，可结转下一纳税期与下期转让金融商品销售额相抵，但年末时仍出 现负差的，不得转入下一个会计年度。 金融商品的买入价，可以选择按照加权平均法或者移动加权平 均法进行核算，选择后36个月内不得变更。 纳税人转让金融商品，不得开具增值税专用发票。 要闻速递 1、5%持股成硬门槛！证监会新规重塑战略投资者，社保、险资等入场 证监会1月30日就《证券期货法律适用意见第18号》修订向社会公开征求意见。这次修订的核心内容是 扩大战略投资者类型并明确最低持股比例要求。根据新规，全国社保基金、基本养老保险基金、企业年 金等中长期机构资金被明确界定为"资本投资者"，成为合格的战略投资者。与此同时，战略投资者本次 认购上市公司股份原则上不低于5% 的硬性门槛也首次确立。5%的比例绝非偶然，它往往直接关联到提 名董事、参与公司治理的实质性权力，迫使投资者从"财务旁观者"转向"治理参与者"。 把"长钱"引入战略投资者框架，规 ...

图为新疆生产建设兵团第六师北塔山牧场风光电场。近年来，当地深挖资源优势，利用荒山坡地大力发 展风光电产业，有力推动新能源产业高质量发展。 李华北摄（人民视觉） 国家能源局近日举行新闻发布会，介绍2025年全国能源形势。国家能源局发展规划司副司长邢翼腾在会 上表示，2025年，我国能源供应保障能力有效提升，供需总体宽松，多项重要政策举措密集出台，行业 健康有序发展，新型能源体系建设基础持续夯实，助力我国经济持续回升向好。 绿色低碳转型步伐加快 谈及2025年能源行业，邢翼腾重点介绍了3方面成效： 能源安全保障有力有效。2025年是"十四五"以来能源保供成效最好的一年。原煤生产保持稳定，规上工 业原煤产量同比增长1.2%。油、气产量双创历史新高，规上工业原油产量同比增长1.5%，规上工业天 然气产量同比增长6.2%。电力供应平稳有序，一批特高压直流输电工程投产送电，电力系统互补互济 水平持续提升。 绿色低碳转型步伐加快。有关部门制定出台新能源集成融合发展、促进新能源消纳和调控等一系列政策 措施，助力新能源发展提质增效。全年风电光伏新增装机超过4.3亿千瓦、累计装机规模突破18亿千 瓦，可再生能源发电装机占比超过六 ...

格隆汇2月2日丨根据联交所最新权益披露资料显示，2026年1月29日，中广核电力(01816.HK)获中信证券资产管理有限公司在场内以每股均价3.2046港元增 持1150.8万股，涉资约3687.85万港元。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日期相關 | | | --- | --- | --- | --- | --- | --- | | | 原因 股份數目 | | | (請參閱上述*註 | 有投票權股(日/月/年) 權益 | | | | | | 居 | 份百分比 | | But of the control of the property of the control of the control of the control of the control of the control of the control of the control of the contribution of the contrib CS20260130E00061 | 中信证券资产管理有限公司 1101(L ...

新闻聚焦 ◐ 两部门部署完善发电侧容量电价机制 。 1月3 0日，国家发改委、国家能源局发布的《关于完善发电侧容量电价机制的通知》 指出，分类完善容量电价机制，包括完善煤电及天然气发电容量电价机制、完善抽水蓄能容量电价机制、建立电网侧独立新型储 能容量电价机制。 【更多详情】 国内新闻 ◐ 2025年能源重点项目投资额首超3 .5万亿元。 据新华社报道，国家能源局发展规划司副司长邢翼腾1月30日表示，20 25年，全 国能源投资保持较快增长，年度重点项目完成投资额首次超过3. 5万亿元，同比增长近11%。 ◐ 国家能源局：2 025年我国可再生能源发电量超欧盟2 7国用电量之和。 1月30日， 《中国能源报》记者从 国家能源局召开的 新闻发布会上了解到， 20 25年，我国 绿色低碳转型步伐加快。制定出台新能源集成融合发展、促进新能源消纳和调控等一系列 政策措施，助力新能源发展提质增效。全年风电光伏新增装机超过4.3亿千瓦、累计装机规模突破18亿千瓦，可再生能源发电装 机占比超过六成。可再生能源发电量达到约4.0万亿千瓦时，超过欧盟27国用电量之和（约3. 8万亿千瓦时）。 ◐西藏能源领域国有企业整合。 据西 ...

Core Viewpoint - The article discusses the strategic development of Sichuan Province as a clean energy stronghold, emphasizing the need for a new power system to address the challenges of energy supply and demand balance amid increasing green electricity demand and the integration of artificial intelligence technology [1][2]. Current Status - Sichuan has transformed its energy structure from a reliance on hydropower to a diversified energy mix, with renewable energy capacity expected to exceed 32 million kilowatts by the end of 2025, increasing its share from 6% in 2021 to 20% [1]. - The total installed capacity of hydropower is projected to surpass 100 million kilowatts, with clean energy accounting for 87% of the province's total power capacity [1]. - The province's electricity demand is expected to grow, with an annual increase of 2 percentage points higher than the national average since the 14th Five-Year Plan [2]. Challenges - Structural imbalances in electricity supply and demand have led to instances of negative electricity prices, indicating a mismatch in the timing and capacity of energy supply [1]. - The capacity for effective adjustment in the power supply is lagging behind the rapid development of renewable energy, particularly during peak demand periods [1]. - The existing power grid faces challenges in transmission and stability, with potential for both surplus and shortage of electricity to coexist [2]. Strategies - Recommendations include enhancing energy storage capabilities, upgrading the power grid, and leveraging digital intelligence to create a new power system that is safe, efficient, and low-carbon [2]. - Specific actions proposed include building large-scale energy storage facilities, improving transmission infrastructure, and developing smart scheduling platforms using AI technology to optimize supply and demand [2][3]. - The integration of AI into the energy sector is seen as a dual opportunity to enhance energy management and create high-value applications for clean energy [2]. Opportunities - The combination of clean energy and artificial intelligence is viewed as a significant growth area, with potential for Sichuan to become a global hub for green electricity and intelligent computing [2]. - The establishment of a "green electricity + intelligent computing" pricing center is suggested, which could attract technology companies seeking sustainable energy solutions [2]. - The development of a comprehensive green hydrogen economy is also highlighted, focusing on creating a full-cycle economic system from production to application [3].

Group 1 - The core viewpoint of the articles emphasizes the technological advancements and reforms at State Grid Electric Power Research Institute (NARI Group) to enhance the stability and efficiency of the power grid, particularly in renewable energy integration [1][2][3] - NARI Group is accelerating the implementation of "scientific reform actions" and deepening state-owned enterprise reforms to promote breakthroughs in key areas [1] - The company has established seven specialized research teams and seven "ten-year sword" teams, adopting a flat organizational structure to focus on solving industry pain points [2] Group 2 - By 2025, NARI Group is expected to have received 171 provincial and ministerial-level scientific and technological awards, with 27 products recognized as internationally leading [2] - The company has implemented a multi-dimensional incentive mechanism to stimulate innovation, ensuring that performance and compensation grow in tandem [3] - NARI Group is expanding its focus beyond traditional power systems into energy internet and industrial internet sectors, aiming to cultivate a "second growth curve" [3]

Group 1 - The core viewpoint of the articles highlights the proactive measures taken by State Grid Electric Power Research Institute (NARI Group) to enhance the stability and efficiency of the power grid through advanced technologies and reforms [1][2][3] - NARI Group is accelerating the implementation of "scientific reform actions" and deepening state-owned enterprise reforms to promote breakthroughs in key areas [1] - The company has established seven specialized research teams and seven "ten-year sword" teams, adopting a flat organizational structure to focus on solving industry pain points [2] Group 2 - By 2025, NARI Group is expected to have accumulated 171 provincial and ministerial-level scientific and technological awards, with 10 projects recognized as major technological equipment in the energy sector [2] - The company has implemented a multi-dimensional incentive mechanism to stimulate innovation, ensuring that performance and compensation grow in tandem [3] - NARI Group is expanding its focus beyond traditional power systems into energy internet and industrial internet sectors, aiming to cultivate a "second growth curve" [3]

国家能源局近日发布数据显示，2025年，全国电力市场交易电量规模再创新高，累计完成交易电量6.64 万亿千瓦时，同比增长7.4%。国家能源局有关负责人表示，全国统一电力市场建设，有效促进了电力 资源优化配置，平衡了安全保供、绿色转型和价格稳定。 在推动能源绿色转型方面，现货、中长期市场价格信号反映了不同时段、不同区域的电力供需关系，让 新能源在电力供应充足时段的环境价值、高峰时段的保供价值得到充分体现；辅助服务市场则进一步完 善了调节资源的价值实现机制，激励调节资源积极参与系统调节。 2025年，电力市场建设运行总体呈现三大特征。一是市场化交易电量占比持续提升，占全社会用电量比 重达64.0%，同比提高1.3个百分点。国家能源局市场监管司副司长王云波介绍，这相当于全社会用电量 中，每3千瓦时就有2千瓦时是通过市场化交易完成的，主要是因为省级现货市场连续运行基本全覆盖， 电力中长期市场实现连续运营，市场交易机制愈发灵活高效。 二是跨省跨区交易电量不断增长，达1.59万亿千瓦时，创历史最高水平，同比增长11.6%。南方区域电 力市场启动连续结算运行，长三角电力市场和东北、西北、华中等区域省间电力互济交易机制不断完 ...

Core Insights - AI technology is becoming a key differentiator for the company in the energy sector, with significant financial implications from its implementation [1][2] - The company aims to increase the revenue share from energy services to over 50% during the 14th Five-Year Plan period, focusing on enhancing AI applications in virtual power plants and energy operations [2] Group 1 - The AI model developed by the company has demonstrated the potential to generate a profit of 0.02 yuan per kilowatt-hour, which can lead to substantial benefits in large-scale electricity transactions [1] - The company plans to launch the "Juxing AIVP" virtual power plant platform by November 2025, which will utilize a multi-dimensional AI model for comprehensive automation in energy management [1] - Financial metrics show that AI implementation has improved the accuracy of dispatch potential assessments by over 10%, increased trading revenues in the electricity spot market by over 8%, and reduced overall operating costs of distributed energy systems by approximately 3% [1] Group 2 - The AI-driven energy services have become the fastest-growing business segment for the company, with a controllable load scale of about 690 MW and a platform managing over 20 GW of user capacity [2] - The company serves over 20,000 electricity customers and nearly 1,000 power generation clients, maintaining a rapid growth rate of 40%-50% over the past two years [2] - The ongoing reforms in the Jiangsu electricity market and the establishment of a unified national electricity market present unprecedented opportunities for the company [2]