Core Viewpoint - The National Development and Reform Commission and the National Energy Administration have issued a notice to improve the capacity pricing mechanism for power generation, establishing an independent new type of energy storage capacity pricing mechanism on the grid side [1] Group 1: Capacity Pricing Mechanism - The notice allows local governments to provide capacity pricing for independent new type energy storage power stations that serve the safe operation of the power system and do not participate in capacity storage [1] - The capacity pricing level will be based on local coal power capacity pricing standards, adjusted according to peak capacity at a certain ratio, which is calculated as the duration of continuous discharge at full power divided by the longest net load peak duration in a year, with a maximum ratio of 1 [1] - Factors such as the progress of electricity market construction and the demand of the power system will also be considered in determining the capacity pricing [1] Group 2: Management and Regulation - Independent new type energy storage power stations on the grid side will be managed under a list system, with management requirements to be clarified by the National Energy Administration based on supply and demand analysis and supply guarantee measures [1] - The specific project list will be formulated by provincial energy authorities in conjunction with pricing authorities [1]

风险提示及免责条款 近日国家发展改革委、国家能源局联合印发《关于完善发电侧容量电价机制的通知》。《通知》提出， 适应新型电力系统和电力市场体系建设需要，分类完善煤电、气电、抽水蓄能、新型储能容量电价机 制。一是各地结合实际提高煤电容量电价标准，可参照煤电建立气电容量电价机制；二是对近年新开工 的抽水蓄能电站，按照弥补平均成本的原则制定当地统一的容量电价；三是建立电网侧独立新型储能容 量电价机制，结合放电时长和顶峰时贡献等因素确定容量电价标准。 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

Core Viewpoint - The National Energy Administration has implemented detailed measures to ensure gas supply for rural "coal-to-gas" projects during the winter season, addressing the dual pressures of cold weather and increased energy demand during the upcoming Spring Festival [1][2]. Group 1: Energy Supply and Demand - Since January, multiple cold waves have led to record-breaking electricity loads across various regions, with the highest load reaching 1.433 billion kilowatts on January 21 [1]. - The overall temperature this winter is close to the historical average, but frequent temperature fluctuations have resulted in significant energy supply challenges [1]. - The National Energy Administration has reported that coal production remains high, with coal inventories at 220 million tons as of January 27, sufficient for 26 days of use [2]. Group 2: Supply Assurance Measures - The National Energy Administration has proposed four key supply assurance measures, including tailored strategies for each province, enhanced monitoring of weather and demand, safety inspections for major users, and strengthened regulation of residential electricity and market operations [2]. - The oil and gas sectors are also stable, with refined oil production expected to decrease by 2.4% to 414 million tons in 2025, while consumption is projected to decline by 2.9% to 378 million tons [2]. Group 3: Natural Gas Supply - As of January 27, the cumulative natural gas consumption for the heating season reached 119.52 billion cubic meters, a year-on-year increase of 4.6%, with stable operations in domestic and imported gas supplies [3]. - The National Development and Reform Commission and the National Energy Administration have initiated a daily reporting system and weekly meetings to ensure gas supply for rural areas and coordinate gas and electricity supply [3].

王云波表示，要持续加大市场监管力度。继续开展电力领域综合监管，将电力市场秩序监管作为重中之 重，对于影响公平竞争的行为，我们将及时"亮剑"纠偏，切实维护公平市场秩序。深化数字化、穿透式 等监管方式创新应用，持续提升监管的预见性、精准性和有效性，让监管的眼睛更加"雪亮"。 南都讯 记者王玮 发自北京 近期国家能源局通报了发电企业串通报价等多起违规案例。2026年将采取哪 些监管手段来预防和查处此类行为？ 1月30日，国家能源局举行新闻发布会。国家能源局市场监管司副 司长王云波会上介绍，2025年，国家能源局部署开展了电力领域综合监管和电力市场秩序突出问题专项 监管，集中发现处置了一批违法违规行为，并对5起电力市场典型违规问题进行公开通报。2026年，我 们将坚持系统观念，着力健全完善电力市场监管制度体系，并持续加大监管力度，让我们的"工具箱"更 丰富，监管的手段更有效。 王云波强调，要不断强化监管执法震慑。对于发现的违规行为，综合运用行政约谈、责令改正等方式进 行严肃处理；对于发现的违法行为，依法给予行政处罚，切实维护公平公正市场秩序。同时，强化典型 问题通报与公开发布，用实实在在的案例引导经营主体共同营造公平 ...

刘明阳表示，今年度冬全国整体气温接近常年同期或略偏暖，但"冷暖转换"频繁，北方地区冷空气活跃 度加剧，出现多轮阶段性强寒潮天气。全国用电负荷多次突破历史度冬负荷极值。 南都讯1月30日，国家能源局举行新闻发布会介绍2025年迎峰度冬能源保供情况。国家能源局电力司副 司长刘明阳表示，"当前正值迎峰度冬关键时期，特别是即将迎来春节假期，国家能源局将会同有关省 区和能源企业一道，持续加强监测预警协调，不断加强低温雨雪、冰冻等恶劣天气的应对准备，确保全 国能源供应保障平稳有序，为人民群众温暖过冬、祥和过年提供坚强保障。" 据悉，2026年1月4日，全国最大电力负荷达到13.51亿千瓦，今冬首创冬季负荷历史新高（历史极值是 2023年12月21日的13.45亿千瓦）；1月19日、20日、21日，受大范围寒潮天气影响，全国最大电力负荷 连续三天创冬季新高，首次突破14亿千瓦，1月21日最高达14.33亿千瓦。今年入冬以来，华北、西北、 东北3个区域电网和新疆、西藏等14个省级电网负荷累计86次创历史新高。 在煤炭方面，刘明阳表示，坚持发挥煤炭兜底保障作用不动摇，持续发挥全国煤炭产量日调度机制作 用，及时协调解决煤炭稳产稳 ...

行业有序发展成效显著。深入推进光伏行业"内卷式"竞争综合整治，2025年底多晶硅、硅片价格分别达 到53.86元/千克、1.329元/片，较年度最低点分别提高52.0%、35.6%。综合施策实现煤炭稳产稳供稳 价，引导现货价格运行在合理区间，2025年底环渤海港口5500大卡动力煤现货价格达到690元/吨，较年 度最低点上升75元/吨。 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）。 南都讯 记者王玮 发自北京 1月30日，国家能源局举行新闻发布会。国家能源局发展规划司副司长邢翼 腾会上介绍，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。 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 ...

1月30日，碧澄能源与英国最大 电力供应商章鱼能源正式宣布战略合资，计划在华设立聚焦电力交易业 务的合资公司——碧桐能源。 ...

章鱼能源通过领先的算法和技术平台，颠覆传统电力零售模式，已成为英国最大的电力供应商之一，并 正在全球范围内快速扩张。此次选择碧澄能源作为进入中国市场的合作伙伴，是基于碧澄能源在中国电 力市场的综合能力和业务积淀。碧澄能源作为集发电与售电于一体的综合能源服务商，拥有丰富的工商 业用户资源和专业的电力交易团队，这为引进国际先进技术提供了坚实保障。 经济观察网 1月30日，中国领先的工商业分布式清洁能源电站投资运营商碧澄能源与总部在英国的能源 科技公司章鱼能源（Octopus Energy）正式宣布战略合资，并在中英商务论坛中正式签约。双方将共同 在华设立聚焦电力交易业务的合资公司——碧桐能源。这一合作代表世界顶级能源科技企业正式进入中 国市场，成为中国电力市场化改革进程中的标志性事件之一。 此次合作设立的合资公司碧桐能源，将成为碧澄能源"综合能源服务"战略板块的核心组成部分，也是其 未来发展的关键布局。借助数字化工具和算法模型，将切实帮助工商业用户优化用电成本、提升绿电消 费比例。在此基础上，双方也将共同探索适应中国市场的绿色电力产品与负荷聚合服务，赋能用户更有 效地参与电力市场，从而为电网的灵活性与清洁化转型提 ...

Core Viewpoint - The National Energy Administration (NEA) has outlined the energy situation for 2025, emphasizing energy security, green low-carbon transformation, and orderly industry development as key areas of focus for the upcoming years [9][10][12]. Group 1: Energy Supply and Security - By 2025, China's energy supply security will be significantly enhanced, with coal production stable and oil and gas output reaching historical highs, including a 1.5% increase in crude oil production and a 6.2% increase in natural gas production [9][10]. - The electricity supply will remain stable, supported by the commissioning of several ultra-high voltage direct current transmission projects, improving the interconnectivity of the power system [9][10]. Group 2: Green Low-Carbon Transformation - The development of renewable energy will accelerate, with new wind and solar installations exceeding 430 million kilowatts, bringing the total installed capacity to over 1.8 billion kilowatts, and renewable energy generation accounting for over 60% of total power generation [9][10]. - Renewable energy generation is projected to reach approximately 4 trillion kilowatt-hours, surpassing the combined electricity consumption of the 27 EU countries [9][10]. Group 3: Industry Development - The photovoltaic industry will undergo comprehensive regulation, with polysilicon and wafer prices expected to rise by 52% and 35.6%, respectively, by the end of 2025 [10]. - The price of thermal coal at the port is projected to reach 690 yuan per ton, reflecting a 75 yuan increase from the lowest point of the year [10]. Group 4: Winter Energy Supply Assurance - The overall temperature this winter is expected to be close to or slightly warmer than the historical average, but with frequent cold spells, leading to record-breaking electricity loads, including a peak load of 1.433 billion kilowatts on January 21 [12][13]. - The NEA is ensuring stable energy supply through robust monitoring and coordination, with sufficient fuel reserves and optimized electricity supply strategies [13][14]. Group 5: New Energy Storage Development - By the end of 2025, the installed capacity of new energy storage is expected to reach 136 million kilowatts, a growth of 84% compared to the end of 2024, with an average storage duration of 2.58 hours [19][22]. - The North China region will account for the largest share of new energy storage installations, with significant contributions from provinces like Xinjiang and Inner Mongolia [20][21]. Group 6: Electricity Market Development - The total electricity trading volume in 2025 is projected to reach 6.64 trillion kilowatt-hours, a year-on-year increase of 7.4%, with market-based transactions accounting for 64% of total electricity consumption [26][27]. - Cross-regional electricity trading is expected to grow significantly, reaching 1.59 trillion kilowatt-hours, marking an 11.6% increase from the previous year [26][27]. Group 7: Green Certificate Market - The green certificate market is anticipated to see a substantial increase, with a total of 930 million certificates traded in 2025, representing a 120% year-on-year growth [40][41]. - The average trading price of green certificates is expected to stabilize and rise, with a projected average price of approximately 4.14 yuan per certificate in the second half of 2025, a 90% increase from the first half [40][41].

企查查APP显示，近日，陕西陕皖能源有限公司成立，法定代表人为高明，注册资本为50亿元，经营范 围包含热力生产和供应；储能技术服务；碳减排、碳转化、碳捕捉、碳封存技术研发；节能管理服务 等。企查查股权穿透显示，该公司由大唐陕西发电有限公司、陕西延长石油矿业有限责任公司、皖能电 力(000543)旗下延安皖能电力有限公司共同持股。 ...