Core Viewpoint - The development of a new power system is essential for implementing the national energy security strategy and driving the energy revolution, with a focus on digitalization as a key requirement for sustainability and efficiency in operations [4][5]. Group 1: New Power System Development - The new power system is driven by structural changes on the source side, primarily through renewable energy, which is becoming the main force in the energy landscape [4]. - The distribution network is evolving from a traditional radial structure to an active network, with distributed renewable energy sources increasingly integrated, leading to a significant rise in installed capacity [4][5]. - The demand for a unified power IoT foundation is growing due to the emergence of innovative applications like virtual power plants and vehicle-grid interactions, necessitating real-time coordination of distributed resources and user-side devices [4][5]. Group 2: Digitalization and Software-Defined Power - A deeper level of digitalization is deemed an inevitable choice for the new power system, with efficient operation of numerous smart terminals and the management of a "digital grid" being crucial for sustainable operation [5]. - The traditional expansion model of equipment has reached its limits, and a digital paradigm revolution, termed "software-defined power," is proposed as a solution [5][6]. - The Ministry of Industry and Information Technology is advancing the construction of a national-level open-source technology system to support the architectural innovation and large-scale application of software-defined power [5][6]. Group 3: The Concept of "Dianhong" - "Dianhong" represents an interconnected, open, and shared power industrial IoT system tailored for the new power system and energy framework, built on open-source foundations [6]. - It aims to support a diverse range of power industry applications through a rich middleware system, ensuring safety and autonomy in operations [6][7]. - The development path includes three phases: establishing a unified device core system, overcoming core technology bottlenecks, and integrating artificial intelligence for broader industry application [7]. Group 4: Future Outlook - Future efforts will focus on deeper standardization to facilitate digitalization in the energy sector, promoting standardized access and communication protocols for power terminals [8]. - Enhanced coordination across multiple links will support the modernization of the power industrial system, enabling data integration and analysis across devices and platforms [8]. - The goal is to expand the reach of power infrastructure into various industries and households, fostering new models and business formats for green and low-carbon energy services [8].

Core Viewpoint - The article discusses the revision and implementation of the "Basic Rules for the Medium and Long-term Electricity Market," which aims to enhance the construction of a unified national electricity market system, addressing issues such as market connectivity and coordination [3][4]. Group 1: Objectives and Achievements - The unified electricity market is a key component of deepening electricity system reform and building a new power system, with significant progress made in market construction, supply stability, and price mechanisms [4]. - The market has seen record trading volumes and compliance rates, with market prices becoming more market-driven, and various regions have implemented plans for integrating renewable energy [4]. Group 2: Institutional Innovations - The new rules categorize market participants, including distributed energy sources and virtual power plants, clarifying their rights and obligations throughout the trading process [5]. - A unified technical standard system is established to support data integration and facilitate cross-regional trading [5]. - The rules also standardize trading timelines, enhancing the efficiency of market operations by coordinating long-term and spot market transactions [5]. Group 3: Spatial and Temporal Mechanisms - The rules address the challenges of market segmentation by establishing a trading system that connects inter-provincial and intra-provincial markets, promoting resource sharing and flexible adjustments [6]. - A comprehensive market mechanism is created to accommodate the volatility of renewable energy output, enhancing the stability and liquidity of market operations [7]. Group 4: Collaborative Operations of Trading Varieties - The rules define green electricity trading as a distinct category, emphasizing the traceability of environmental value alongside electricity trading [8]. - There is a focus on integrating the medium and long-term electricity market with the spot market, establishing a price transmission and settlement mechanism to prevent market arbitrage [9]. Group 5: Summary and Future Outlook - The revision of the rules signifies a new phase in the standardized, systematic, and collaborative development of the medium and long-term electricity market [10]. - Future efforts should focus on further integrating market designs and enhancing the operational mechanisms among various market segments to support energy security and the achievement of carbon neutrality goals [10].

Group 1 - The article highlights the impact of a cold wave on energy demand across China, prompting swift actions from local authorities and energy companies to ensure stable energy supply and maintain warmth for households during winter [1] - The increasing winter electricity load in China has reached new highs, emphasizing the importance of energy supply stability to support economic and social development [1] - Coal, natural gas, and renewable energy sources are being utilized to enhance energy supply, ensuring reliable heating for both businesses and households [1] Group 2 - In Inner Mongolia, a coal mine has implemented autonomous mining trucks and smart loading technologies to improve safety and efficiency, achieving a coal production of 16.33 million tons and a transportation efficiency of 1,885 tons per hour [2] - As of November 2025, national railways have transported 184 million tons of coal, with electric coal accounting for 128 million tons, maintaining a high level of supply [2] - In Jiangsu, a pumped storage power station is operational, capable of generating over 1.8 billion kilowatt-hours of green electricity annually, contributing to flexible energy supply management [2] Group 3 - A power plant in Beijing has launched a new gas turbine intake temperature adjustment system, enhancing energy efficiency and contributing to a greener heating network [3] - The article discusses the challenges posed by extreme winter weather on coal transportation and renewable energy generation, highlighting the need for improved energy supply security [3] - Recommendations include accelerating the construction of ultra-high voltage projects, developing new energy storage solutions, and utilizing AI and big data to enhance grid management and operational efficiency [3]

Core Viewpoint - The Shanxi Province Changzhi City Energy Bureau has issued a notification to enhance the safety management of distributed photovoltaic (PV) grid connections, providing policy support for the effective integration of distributed PV systems into the power grid [1][2]. Group 1: Policy and Regulatory Framework - The notification outlines that new distributed PV projects must meet the conditions of being "observable, measurable, adjustable, and controllable" [2]. - Existing grid-connected entities are required to strictly adhere to operational regulations, and inverter equipment must have at least one data interface for monitoring purposes [2]. - If the power quality does not meet standards after improvement measures, the distributed power source must disconnect from the grid until compliance is achieved [2]. Group 2: Implementation Measures - The State Grid Changzhi Power Supply Company has implemented measures to address voltage limit issues, including "centralized collection and voltage boosting" and low-voltage collection transformations [1]. - A real-time monitoring program for power quality has been installed in the centralized device at the distribution transformer station, which operates on a logic of "data collection—intelligent decision-making—instruction issuance—effect feedback" [2]. - The program sets voltage thresholds and automatically issues control commands to maintain voltage within standard ranges, enhancing the reliability of distributed PV systems [2]. Group 3: Market Trends and Growth - Distributed PV systems have gained popularity due to their advantages of low investment, small land requirements, and quick deployment, with over 5,300 new grid-connected distributed PV households and a capacity of 437,300 kW added in Changzhi City in the first 11 months of this year [1]. - The new grid-connected capacity of distributed PV has increased by 18.89% compared to the total for the entire year of 2024 [1]. - As the scale of distributed PV integration grows, voltage limit issues are expected to become more prominent, necessitating collaborative governance between government and enterprises to ensure efficient and reliable utilization [2].

那么，社保基金会的定增认购价对二级市场投资者意味着什么？对此，业内人士分析认为，上市公司股 价在社保基金会认购价附近止跌反弹的现象，体现了"国家队"资金的锚定效应。社保基金会作为长期资 金、耐心资本的代表，其重仓参与的价格通常被市场视为一个价值的重要参考点。不过，行业基本面和 系统性风险变化也至关重要，不排除在行业和系统性风险下股价跌破社保基金会定增认购价的可能。但 从长期投资角度看，社保基金会定增认购价确实提供了一个重要参考。 全文请见：电力板块走弱，两大千亿巨头股价再次逼近社保基金会定增认购价，将再现神奇支撑？ 近期，中国核电（601985）和国投电力（600886）的股价正再次逼近一个关键点位。最近两年，社保基 金会以战略投资者身份，以8.31元/股和12.72元/股的价格分别重仓投入120亿元和70亿元参与这两家公 司的定向增发。截至2025年12月30日收盘，中国核电和国投电力的股价分别报收8.67元和13.10元，已逼 近社保基金会的定增认购价。 ...

Core Viewpoint - The successful commissioning of the Ankang 750 kV substation project marks a significant advancement in the high-quality development of southern Shaanxi and injects strong momentum into regional coordinated development [2] Group 1: Project Overview - The Ankang 750 kV substation project is a key infrastructure for optimizing the energy layout in Shaanxi Province and enhancing regional interconnectivity [2] - The project spans approximately 406 kilometers, connecting load centers with clean energy-rich areas across Xi'an, Shangluo, and Ankang [2] Group 2: Construction Management - During construction, State Grid Shaanxi Electric Power implemented a proactive safety management system, focusing on monitoring work teams, key processes, and strengthening emergency response systems [2] - The project overcame challenges such as heavy construction tasks, complex working conditions, and variable weather by ensuring safety management responsibilities were met [2] - Innovative transportation methods, such as cableway transport, were utilized to replace traditional road construction, integrating "smart construction" and "green building" concepts throughout the project [2] Group 3: Operational Impact - Upon commissioning, the project will enhance the power supply capacity in the Ankang region by 3 million kilowatts and increase the capacity for renewable energy consumption by 30% [2] - It will provide reliable power supply to the Xikang high-speed railway, supporting sustainable economic and social development in the surrounding areas [2] - The project plays a crucial role in promoting the green transition of regional energy and supports the "dual carbon" goals [2]

Core Viewpoint - The two technological projects led by State Grid Shandong Electric Power Research Institute have passed technical appraisal, demonstrating significant economic and social benefits in the application of advanced power distribution technologies [1][2]. Group 1: Project Achievements - The project "High Reliability and High Capacity Distributed Photovoltaic Charging Resource Flexible Distribution Technology and Application" addresses challenges related to the integration of massive distributed photovoltaic resources into the distribution network, focusing on flexible networking, control, and support [2]. - The project "Built-in Sensor for Partial Discharge in Large Oil-filled Equipment and Active Fault Defense Technology and Application" targets early detection of discharge defects in large oil-filled equipment, enhancing the ability to prevent discharge-related failures [2]. Group 2: Technical Details - The flexible distribution technology project has developed a series of core equipment for flexible networking, solving key issues such as the coordinated operation of AC and DC flexible distribution networks, harmonic tracing, and fault handling [2]. - The active fault defense technology project employs high-sensitivity built-in discharge sensors and precise discharge location techniques to improve the explosion-proof capabilities of transformers and other large oil-filled equipment [2]. Group 3: Application and Impact - Both projects have been fully applied in the Shandong power grid for flexible management of distributed resources and have been promoted in other provincial power grids, yielding notable economic and social benefits [1][2]. - The appraisal committee, led by an academician from the Chinese Academy of Engineering, recognized both projects as reaching international leading levels after thorough evaluation [1].

每经记者｜闫峰峰 每经编辑｜吴永久 近期，伴随着电力板块的整体调整，中国核电和国投电力这两只千亿巨头的股价再度逼近全国社会保障 基金理事会（以下简称社保基金会）的定增认购价，而此前该两只个股在社保基金会的定增认购价附近 均显现出韧性和支撑。每经资本眼专栏记者发现，在A股历史上有电力巨头在社保基金会定增认购价附 近获得显著支撑的案例，不过也有跌破定增认购价的案例，但最终收复了社保基金会的认购价。那么， 近期的调整是否意味着中国核电和国投电力的抄底机会来临？ 中国核电、国投电力股价下探，社保基金会认购价附近显韧性 中国核电和国投电力的股价正再次逼近一个关键点位。最近两年，社保基金会以战略投资者身份，以 8.31元/股和12.72元/股的价格分别重仓投入120亿元和70亿元参与这两家公司的定向增发。 而国投电力在2025年9月22日最低跌至13元，距社保基金会的定增认购价12.72元仅有2.15%的空间。不 过国投电力在当日止跌，并随后展开了1个多月的上涨行情。 国电电力和国信证券的案例启示：社保基金会认购价或是市场重要锚 定点 实际上，上市公司股价在社保基金会定增认购价附近获得支撑的情况，在其他个股上已有发生。 ...

开放原子电鸿开源社区是开放原子开源基金会下设的首个行业应用级开源社区。我们以"解决行业应用问题、创造业务价值"为目标， 致力将社区打造成一个开放共享平台。在这里，我们遵循"软件定义硬件、用户决定走向"逻辑，由需求方提出问题，技术方形成方 案，实践方推动落地。这样就能形成一个精准出题、科学答题、高效落题的机制，推动创新技术转化成产业价值。 作为一个社区，健康发展离不开健全的组织架构和多元的主体参与。工作委员会作为社区最高决策机构，现已吸纳11家单位，相比传 统技术型开源社区更加多元。正是这样一个多元协同的伙伴阵容，让我们有底气解决电力行业的痛点问题。在社区成员的共同努力 下，我们的社区章程已经完成制定并审议通过。我们选举产生了社区工委会的核心治理团队，明确了关键岗位人员配置。此外，我们 还完成了首批约10万行代码开源，这些为社区未来的规范运营、长效发展奠定了基础。 伴随社区基本架构逐步完善，我们的愿景和使命也逐渐清晰。我们将用好开源模式，汇聚产业力量，加速电鸿技术迭代、应用深化和 生态繁荣，共同构筑一个覆盖新型电力系统和新型能源体系的全生态融合创新共同体。为了确保我们的愿景落地、使命必达。我们围 绕社区职责初步 ...

Core Viewpoint - The article emphasizes the importance of the "Dianhong" ecosystem in promoting digital transformation in the energy sector, highlighting its role as China's first power IoT operating system that connects various energy components for enhanced data interoperability and operational efficiency [2][4]. Group 1: Event Overview - The 2025 Dianhong Ecosystem Conference was held in Beijing, organized by China Southern Power Grid, with nearly 400 representatives from government, industry organizations, energy companies, and academic institutions attending [2]. - The conference aimed to outline a collaborative digitalization blueprint for the energy sector, focusing on open cooperation and innovation [2]. Group 2: Achievements and Developments - The Dianhong ecosystem has made significant progress, transitioning from the demonstration phase to a comprehensive ecosystem construction, showcasing the commitment of China Southern Power Grid to energy digitalization [4]. - Key achievements include the full application of the Dianhong system in the Nansha demonstration area and the successful operation of an intelligent maintenance system during the 15th National Games, which ensured reliable power supply [4]. Group 3: Future Prospects - The ongoing development of the Dianhong ecosystem is expected to lead to innovative applications in the energy sector, such as smart substations and user-side energy storage, facilitating deeper intelligent interconnectivity among energy devices [5]. - The ecosystem's growth relies on collaboration with ecological partners, and the media plays a crucial role in promoting communication and sharing successful practices within the industry [5]. Group 4: Call to Action - The article calls for industry consensus and collaborative efforts to advance the Dianhong ecosystem, positioning it as a vital engine for high-quality development in the energy sector and a strong driver for China's energy digital transformation [6].