在硬件设施升级的同时，四川电力交易体系持续完善。"十四五"以来，四川电力交易中心响应全国统一 电力市场建设要求，统筹新能源与常规能源发电，实现水火风光"同台竞技"，建立高效供需对接机制。 目前，四川电力现货市场已进入结算试运行阶段，具有水电特色的市场机制日趋成熟，为清洁能源稳定 外送提供坚实机制保障。(完) 来源：中国新闻网 编辑：王永乐 中新网成都11月19日电 (记者 刘忠俊)记者19日从国网四川省电力公司获悉，四川全口径外送电量已突 破1.9万亿千瓦时。目前，该省电网跨区跨省外送能力达6260万千瓦，稳居全国首位。 正在进行最后调试工作的金沙江上游—湖北±800千伏特高压直流输电工程卡麦换流站。刘钦虎 摄 据了解，作为中国西部大开发战略的重要组成部分，"西电东送"是加快新型能源体系建设、促进东西部 协同发展的重大举措。自1998年四川开启省外送电以来，27年间累计向华中、华东等地区外送清洁电 能，相当于替代燃煤约5.7亿吨，减排二氧化碳约10.9亿吨，为全国能源绿色低碳转型、生态环境保护提 供有力支撑，助力"双碳"目标实现。 四川能源资源禀赋优越，自"西电东送"战略实施以来，已逐步建成全国重要清洁能源基 ...

截至发稿，华能水电市值为1763亿元。 每经头条（nbdtoutiao）——爱泼斯坦案文件解密倒计时，美国会"秒过"法案直通特朗普，引爆两党"极 限撕扯" 每经AI快讯，华能水电（SH 600025，收盘价：9.46元）11月19日晚间发布公告称，因工作变动原因， 杨佐斌先生申请辞去公司副总经理、总法律顾问职务。辞职后，杨佐斌先生将不在公司担任任何职务。 2024年1至12月份，华能水电的营业收入构成为：电力行业占比99.15%，其他业务占比0.85%。 （记者 曾健辉） ...

Market Overview - The electricity sector experienced a slight increase of 0.02% on the previous trading day, with Shimao Energy leading the gains [1] - The Shanghai Composite Index closed at 3946.74, up by 0.18%, while the Shenzhen Component Index closed at 13080.09, showing no change [1] Top Gainers in the Electricity Sector - Shimao Energy (605028) saw a closing price of 31.44, with a significant increase of 10.01% and a trading volume of 72,400 shares, amounting to a transaction value of 218 million yuan [1] - Chuaneng Power (000155) closed at 13.88, up by 5.23%, with a trading volume of 1.468 million shares, resulting in a transaction value of 2.063 billion yuan [1] - Tianfu Energy (600509) closed at 8.44, increasing by 3.81%, with a trading volume of 601,000 shares and a transaction value of 507 million yuan [1] Top Losers in the Electricity Sector - ST Yinda (300125) closed at 9.81, down by 9.17%, with a trading volume of 247,900 shares and a transaction value of 26.4 million yuan [2] - Mindong Electric Power (000993) closed at 12.23, decreasing by 8.32%, with a trading volume of 464,900 shares and a transaction value of 575.1 million yuan [2] - Tuo Ri New Energy (002218) closed at 4.24, down by 6.81%, with a trading volume of 2.0595 million shares and a transaction value of 877 million yuan [2] Capital Flow Analysis - The electricity sector experienced a net outflow of 285 million yuan from institutional investors and 116 million yuan from speculative funds, while retail investors saw a net inflow of 401 million yuan [2] - Chuaneng Power (000155) had a net inflow of 255.0 million yuan from institutional investors, while Tianfu Energy (600509) saw a net inflow of 88.45 million yuan [3] - Shimao Energy (605028) recorded a net inflow of 35.08 million yuan from institutional investors, indicating strong interest despite overall sector outflows [3]

Core Viewpoint - Sichuan's total electricity export has exceeded 1.9 trillion kilowatt-hours, equivalent to the annual electricity consumption of Jiangsu, Zhejiang, and Anhui provinces combined, marking significant achievements in the "West-East Power Transmission" energy strategy and optimizing the allocation of clean energy nationwide [1][3]. Group 1: Electricity Export Achievements - Sichuan's electricity export capacity has reached 62.6 million kilowatts, ranking first in the country [1]. - Since the implementation of the "West-East Power Transmission" strategy, Sichuan has cumulatively exported clean electricity equivalent to replacing approximately 570 million tons of coal, contributing to a reduction of about 1.09 billion tons of carbon dioxide emissions [3]. Group 2: Clean Energy Base - Sichuan has established itself as a major clean energy base in the country, with a total installed power generation capacity of approximately 150 million kilowatts, of which hydropower accounts for about 100 million kilowatts, representing two-thirds of the total [5]. Group 3: Infrastructure Development - The continuous improvement of cross-regional and cross-provincial electricity export channels supports Sichuan's large-scale electricity exports, with significant investments in ultra-high voltage transmission lines [8]. - Key projects such as the Yacheng-Jiangxi and Baihetan-Jiangsu ±800 kV ultra-high voltage direct current transmission projects have been completed, enhancing the electricity supply and resource allocation capabilities [8]. Group 4: Market Mechanism - The Sichuan electricity trading system has entered a new phase, responding to the national unified electricity market system, coordinating renewable and conventional energy generation [8]. - The Sichuan electricity spot market has begun trial settlement operations, indicating a maturing market mechanism that supports stable clean energy exports [8].

Complaint Situation - In October 2025, the 12398 Energy Regulatory Hotline received a total of 2,446 complaints, with 2,328 related to the electricity sector and 118 related to the new energy sector [3] - The main subjects of complaints included State Grid Corporation with 1,764 complaints, Southern Power Grid Company with 535, Inner Mongolia Power Group with 47, and other power enterprises with 98 [3] - The primary complaint categories were related to electricity application, power outage repairs, and electricity meter measurement [3] Complaint Handling Situation - Energy companies successfully resolved 2,367 complaints in October 2025, achieving a timely resolution rate of 100% [6] Complaint Hot Issues - Frequent power outages and inadequate low voltage management were reported in regions like Shaanxi and Sichuan, where power supply capacity was insufficient during peak usage [7] - Non-standard electricity application processes were noted in Jiangsu and Hebei, leading to incorrect pricing and installation issues [7] - Extended power outage durations and delays in power restoration were highlighted in Guangxi and Guangdong, affecting customer satisfaction [7] Appeal Situation - In October 2025, 232 appeals were received, resulting in a complaint appeal rate of 9.93%, with the majority involving State Grid Corporation [8] - The appeal handling focused on electricity application, meter measurement, and power outage repairs [11] Appeal Hot Issues - Poor reliability in power supply management was reported in regions like Hunan and Inner Mongolia, with frequent outages affecting residents [14] - Inaccurate electricity meter measurements were noted in Shanxi, leading to billing issues due to reliance on estimated readings [14] Reporting Situation - The hotline received 53 reports in October 2025, primarily concerning electrical facility licensing and new energy grid connections [15] - A total of 74 reports were resolved, with regulatory actions taken against verified violations [18] Reporting Hot Issues - Inaccurate electricity billing due to improper installation of metering devices was reported in Zhejiang, while procedural irregularities in power supply management were noted in Jiangxi [18] Work Requirements - Energy companies are urged to enhance management of frequent outages and low voltage issues, particularly in regions like Shaanxi and Sichuan [19] - Improvements in electricity application processes are necessary, with a focus on policy understanding and operational management in Jiangsu and Hebei [19] - Strengthening power restoration management is critical, especially in Guangdong and Guangxi, to ensure timely service [19] - Enhancing electricity meter management and compliance with regulatory standards is essential in Shanxi and Zhejiang [19]

据相关人士透露，中方解释称仍需对核处理水相关的监测进行评估。但此举可能是对日本首相高市早苗 在国会关于"台湾有事"的答辩表示不满而采取的措施…… 中国曾在2023年以东京电力福岛第一核处理水排放为由，全面停止进口日本水产品。2025年6月表示重 新开放来自除福岛、东京等10个都县以外的37个道府县的水产品进口。11月5日第一批来自北海道的6吨 冷冻扇贝已出口至中国。 据相关人士透露，中方解释称仍需对核处理水相关的监测进行评估。预计此次停止措施将在一段时间内 持续。 中国在允许进口日本水产品时，要求日方对相关设施进行注册等程序。根据日本农水省的消息，迄今为 止，日本国内共有697家出口相关设施向中国当局提交了申请，但获准注册的仅有3家。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 日本经济新闻获悉，中国政府11月19日已经向日本告知将停止进口日本水产品。据日本农林水产省高层 透露，当日上午收到了来自中国政府的通知。 此举可能是对日本首相高市早苗在国会关于"台湾有事"的答辩表示不满而采取的措施。 ...

Core Insights - The "2025 Public Utility Reform and Government Regulation Forum" was held in Beijing, focusing on the direction of public utility reform and government regulation in China [1][3] - The forum emphasized the importance of equal access to basic public services and the need for a public resource allocation mechanism that matches the resident population [3] - Experts discussed various topics related to public utility regulation, including the challenges in the current regulatory system and the need for innovative approaches in energy systems [4] Group 1 - The forum was co-hosted by several organizations, including Zhejiang University of Finance and Economics and the China Urban Science Research Association [1] - The opening ceremony was led by Professor Wang Junhao, highlighting the significance of the event [1] - The forum attracted over 150 experts, scholars, and industry representatives from the public utility and government regulation sectors [4] Group 2 - Researcher Shi Dan emphasized the need for a coordinated and efficient regulatory framework, addressing issues such as fragmentation and insufficient capacity in the current system [3] - Professor Jiang Bixin discussed optimizing government regulation and enhancing regulatory effectiveness from a legal perspective [3] - Researcher Qiu Baoxing proposed a shift in energy systems from centralized control to a more interactive model, leveraging distributed energy resources [4] Group 3 - Various expert presentations covered topics such as the blind spots in water utility regulation, sustainable urban renewal through regulatory innovation, and the characteristics of real estate brokerage platforms in China [4] - The discussions aimed to explore how standard regulations can enhance the resilience of urban public utilities and the role of artificial intelligence in regulatory innovation [4]

"180万千瓦清洁电力跨越2000公里精准驰援，4230万千瓦时电能实时注入浙沪电网。"——不久前，国 家电网与南方电网首次实现的跨经营区电力现货交易，标志着我国电力资源跨省跨区优化配置迈入"现 货时代"。 从政策制度破冰到技术平台联通，从区域试点探索到全国范围协同，电力现货结算正以标准化、市场 化、高效化的转型，为全国统一电力市场建设打通关键堵点。 政策破解市场分割顽疾 长期以来，国家电网与南方电网两大经营区因规则差异和技术壁垒，跨区电力互济多依赖计划调度和应 急调度，"一线一议""一事一议"的模式难以适应新型电力系统发展需求。 "2025年底前基本实现电力现货市场全覆盖，全面开展连续结算运行。"2025年4月，国家发展改革委、 国家能源局联合印发《关于全面加快电力现货市场建设工作的通知》，为跨省跨区现货结算划定清晰路 线图。通知明确要求，湖北、浙江等省份按期转入正式运行，16个省份启动连续结算试运行，南方区域 现货市场同步启动连续结算，京津冀电力市场创造条件开展模拟试运行。7月，国家发展改革委和国家 能源局出台了《跨电网经营区常态化电力交易机制方案》进一步破解制度壁垒，明确建立跨电网交易结 算的"软联通" ...

Group 1 - The core viewpoint of the news is that the lithium carbonate futures have surged, indicating a strong demand outlook for the lithium industry, particularly in the energy storage sector, which is expected to match the demand from power batteries in the coming year [1][2] - On November 19, 2025, the New Energy ETF Fund (516850) rose by 0.83%, with significant gains in its holdings, including Rongbai Technology up over 7%, Shangtai Technology up over 6%, and Chuaneng Power up over 5% [1] - The main opportunity in the lithium carbonate industry chain is currently on the demand side rather than the supply side, as previous price declines have led to cautious capital expenditure and limited supply growth [1] Group 2 - The New Energy ETF Fund (516850) and its linked funds (017571/017572) focus on the new energy sector, particularly in batteries, photovoltaics, and electricity, with a high weight of 45.18% in its tracking index, allowing investors to grasp opportunities in the new energy sector effectively [2]

相关度高的ETF持续获资金关注。如电力系统建设（发电、存储、运输等）方面，光伏ETF龙头 （560980）唯一跟踪中证光伏龙头30指数，聚焦光伏设备制造；储能电池ETF广发(159305)跟踪的是国 证新能源电池指数，侧重储能产业链；全市场同类规模最大的电池ETF（159755）则跟踪国证新能源车 电池指数，侧重固态电池概念，连续3个交易日持续获净买入累计超9亿元，最新规模达158.86亿元，是 全市场唯一一只百亿级电池主题指数基金；电网ETF(159320)跟踪恒生A股电网设备指数，更侧重电网 的升级改造。 中证网讯 近期资本市场电力投资再掀热潮。据国金证券牟一凌团队最新研报回溯分析，1980年以来全 球已出现五轮缺电周期，每轮缺电阶段，往往与电力、电网有关的投资增速都会明显抬升。当前，全球 范围内电力供应紧张局面持续加剧，美国AI数据中心用电需求激增、欧洲能源结构转型阵痛，以及新 兴市场工业化进程加速共同推动新一轮缺电周期到来，电力投资有望迎来高速增长阶段。 在这一背景下，中国凭借完善的电力系统和制造业优势，正成为全球电力建设的重要支撑力量。国金证 券研报指出，中国电力系统存在一定冗余量，能源价格和制造业 ...