注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 9月26日，绿电ETF（159669）盘中上涨超1%。 中信建投指出，2025年8月份规上工业发电量同比增长1.6%，其中火电、水电、风电和核电发电量 同比变化分别为+1.7%、-10.1%、+20.2%和+5.9%，受来水偏枯影响，水电发电量同比下降。动力煤价 格因煤矿超产检查事件有所回升，但考虑到能源保供政策及火电发电量增速放缓，年内煤价大幅上涨可 能性较小。8月份规上工业原煤产量同比下降3.2%，天然气产量同比增长5.9%。电力板块持续看好火电 转型新能源运营的标的，以及受益于电价改善的水电企业。 绿电ETF（159669）跟踪的是绿色电力指数（399438），该指数从A股市场中选取涉及水电、风 电、光伏及核电等清洁能源发电业务的上市公司证券作为指数样本，以反映绿色电力相关上市公司 ...

Group 1 - The green electricity sector is experiencing an upward trend, with the green electricity ETF (159669) rising over 0.7% [1] - According to Guosheng Securities, the volume of market-oriented electricity transactions in China has increased from 1.1 trillion kWh in 2016 to 6.2 trillion kWh in 2024, representing a rise in market share from 17% to 63% of total electricity consumption [1] - In 2024, the market-oriented transaction volume of new energy is expected to exceed 1 trillion kWh, accounting for 55% of total new energy generation, indicating that new energy is ready for full participation in electricity market transactions [1] Group 2 - The total volume of green electricity transactions in China is projected to surpass 230 billion kWh in 2024, reaching 234.9 billion kWh, which is a year-on-year increase of 237.9% [1] - From January to May this year, the green electricity transaction volume in China reached 220.945 billion kWh, marking a year-on-year growth of 49.2%, nearing the total transaction volume of the previous year [1] - The green electricity ETF (159669) closely tracks the Guozheng Green Electricity Index, which reflects the overall price performance of listed companies related to green electricity on the Shanghai and Shenzhen stock exchanges, allowing investors to conveniently invest in the green electricity industry chain [1]

Group 1 - The core viewpoint of the news highlights the strong performance of the green electricity ETF (159669), which has risen nearly 1% amid market fluctuations [1] - The Guangdong Power Trading Center has issued draft rules for the sustainable development pricing settlement mechanism for new energy projects, which includes a formula for calculating the price difference based on market averages [1] - The mechanism will have a competitive bidding process for determining the incremental project price, with a cap on the mechanism volume ratio not exceeding 90% [1] Group 2 - Open Source Securities anticipates a significant increase in green certificate issuance in 2024, which may initially depress prices but will stabilize as supply pressures ease [2] - The introduction of consumption ratio assessments for high-energy industries and data centers by the National Development and Reform Commission is expected to boost institutional demand and invigorate the green certificate market [2] - The combination of "electricity + green certificate" bundled trading and mandatory consumption policies is projected to enhance the environmental value of green certificates, leading to improved ROE for renewable energy operators [2]