（文章来源：每日经济新闻） 中信建投证券表示，近期，国家能源局发布了《可再生能源绿色电力证书管理实施细则（试行）》，明 确了对多种可再生能源发电项目以及部分常规水电机组上网电量核发可交易绿证，其他类型电量则核发 不可交易绿证。伴随绿证市场相关政策的完善，绿证消费需求有望提升，但考虑到绿证与机制电价互斥 的问题，绿证市场供给可能缩减，供需状况或将改善。 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领域的上市公司证券作为指数样本，聚焦具备低碳属性、业务集中度高且现金 流稳定的电力企业，以反映绿色电力相关上市公司证券的整体表现。最新数据显示。 ...

国盛证券指出，近日国家发展改革委、国家能源局正式发布《关于促进新能源消纳和调控的指导意 见》，明确到2030年每年要实现2亿千瓦新能源的合理消纳，既明确了"十五五"新能源坚持规模化开发 目标，又作为纲领性政策重构新能源消纳与调控重点。 绿电ETF（159669）跟踪的是绿色电力指数（399438），该指数从中证全指样本中选取业务涉及水 电、风电、光伏及核电等清洁能源发电领域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 司证券的整体表现。指数成分股主要聚焦具备低碳属性的电力企业，兼具政策支持力度大、行业成长性 突出及市场防御性较强等特征。 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 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或 ...

Group 1 - The core viewpoint of the article highlights the performance of the green electricity ETF (159669), which rose over 1% on September 26, and discusses the growth in industrial power generation in August 2025, with a year-on-year increase of 1.6% [1] - The article provides specific year-on-year changes in power generation from various sources: thermal power increased by 1.7%, hydropower decreased by 10.1%, wind power increased by 20.2%, and nuclear power increased by 5.9% [1] - It notes that hydropower generation declined due to reduced water flow, while coal prices have rebounded due to inspections in coal mines, although significant price increases are unlikely due to energy supply policies and slowing growth in thermal power generation [1] - The article mentions that the output of raw coal in August decreased by 3.2% year-on-year, while natural gas production increased by 5.9% [1] - The power sector remains optimistic about thermal power transitioning to new energy operations and hydropower companies benefiting from improved electricity prices [1] Group 2 - The green electricity ETF (159669) tracks the green power index (399438), which selects listed companies involved in hydropower, wind power, solar power, and nuclear power to reflect the overall performance of green power-related securities [1] - The green power index focuses on low-carbon power companies, emphasizing environmental protection and sustainable development, supported by significant policy backing [1] - Investors without stock accounts are encouraged to consider the GTJA Guozheng Green Power ETF Initiated Link A (018034) and GTJA Guozheng Green Power ETF Initiated Link C (018035) [1]

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]