State Power Rixin Technology (SZ:301162)2024-05-27 10:32Group 1: Market Outlook - The national energy work conference indicates that the new power system will be accelerated, with an expected addition of approximately 200 million kilowatts of wind and solar capacity in 2024 [2] - By the end of 2024, the total installed power generation capacity is projected to reach 3.25 billion kilowatts, with coal power accounting for about 1.2 billion kilowatts, reducing its share to 37% [2][3] - The combined installed capacity of wind and solar power is expected to exceed that of coal power, indicating a steady growth in the new energy installation market [3] Group 2: Company Performance - As of the end of 2023, the company serves 3,590 renewable energy stations, maintaining a service renewal rate of over 95% [3] - The company has established a strong customer base in the renewable energy sector, which aids in product promotion [3] Group 3: Power Trading Advantages - The company leverages long-term data and technology in power forecasting, achieving high accuracy in market predictions [3] - It collaborates with authoritative meteorological institutions to develop customized weather models for renewable energy, enhancing its forecasting capabilities [3] Group 4: Regulatory Changes - The new "Basic Rules for Power Market Operation" will take effect on July 1, 2024, expanding the market scope to cover all power market activities nationwide [4][5] - The updated rules introduce new trading types, including medium- and long-term trading, spot trading, and capacity trading, reflecting the evolving needs of the market [5] Group 5: Virtual Power Plant Operations - The company is expanding its virtual power plant operations by signing contracts with controllable load resource users for demand response and peak-shaving services [5] - It has obtained aggregation qualifications in several provinces and is actively pursuing additional qualifications across the country [5]