目錄Catalog目錄Catalog一、行業(yè)要聞 4一、行業(yè)要聞 4二、行業(yè)數(shù)據(jù) 8證證證證證證證證證證 證證證證證證證證證證證證證證 三、消納空間每年超2三、消納空間每年超2億千瓦，新能源政策拼圖逐步補(bǔ)齊 10四、多地機(jī)制電價競價結(jié)果發(fā)布，區(qū)域分化較為明顯 11五、火電電量由降轉(zhuǎn)增，用電量增速加快 13六、環(huán)保公用行業(yè)表現(xiàn) 14證證證證證證證證證證證 證證證證證證證證證證 七、七、投資建議及股票池 17證證證證證證證 證證證證證證證證證證 八、八、風(fēng)險提示 191.國家能源局發(fā)布1-10月份全國電力工業(yè)統(tǒng)計數(shù)據(jù)一、行業(yè)要聞1.國家能源局發(fā)布1-10月份全國電力工業(yè)統(tǒng)計數(shù)據(jù)一、行業(yè)要聞證證證證10證證證證證證證證證證證證證 37.5證證證證證證證證 17.3證證證證證證證證證證證證證證證11.4證證證證證證證證 43.8證證證證證5.9證證證證證證證證 21.4證20252025證1~10證證證證證證證證證證 252.87GW 證證證證證39證證證證證70.01GW證證證證證證證證20252025證10證證證證證證證證證證 12.6GW證證證證證38證證證證證證證證證證證證34/s/pgez7qjEInVghzQnE34CNw/s/pgez7qjEInVghzQnE34CNw2.國家能源局發(fā)布10月份全社會用電量等數(shù)據(jù)2.國家能源局發(fā)布10月份全社會用電量等數(shù)據(jù)1010證證證證證證證證證 8572證證證證證證證證證 10.4證證證證證證證證證證證證證 120證證證證證證證證證證證證證證證證證13.2證證證證證證證證5688證證證證證證證 6.2證證證證證證證證證證證證證證證證6.4證證證證證證證證1609證證證證證證證證證 17.1證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證1155證證證證證證證23.9證11證證證證證證證證證證證 86246證證證證證證證5.1證證證證證證證證證證證證證8062580625證證證證證證證證證證證證證證證1262證證證證證證證證證 10.5證證證證證證5478154781證證證證證證證證證 3.7證證證證證證證證證證證 3.9證證證證證證證證16671證證證證證證證證證證證證證證證證8.4證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證 13532證證證證證證證 6.9證/s/GDeM/s/GDeM-RG_nVCRf9XRIsmVLA3.2025年10月份能源生產(chǎn)情況3.2025年10月份能源生產(chǎn)情況1010證證證證證證證證證證證證 8002證證證證證證證證證7.9證證證證證證證6.4證證證證證證證證證證證證證證證258.1證證證證證110證證證證證證證證證80625證證證證證證證證 2.3證10證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證證證證 7.39證證證證證5.4證證證證證證證28.2證證證證證證證9證證證證3.7證證證證證證證證證證證證證 4.2證證證證9證證證證2.6證證證證證證證證證證證證證證證證證11.9證證證證9證證證證4.3證證證證證證證證證證證證證證 5.9證證證證9證證證證證證證證15.2證證證/s/fjeSrVBMj2Yr2MZvJ4D8XQ/s/fjeSrVBMj2Yr2MZvJ4D8XQ4.4.國家能源局發(fā)布《關(guān)于印發(fā) 2024年度全國可再生能源電力發(fā)展監(jiān)測評價結(jié)果的通知》11證證證證證證證證20242024證證證證證證證證證證證證證證證證證證證證35.2證證證證證3.2證證證證證證證證證證證證證證26證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證 70證證證證證證證證證 3證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證 0.3證3.0證1.9證證證22證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證20.8證證證證證2.7證證證證證證28證證證證證6證證證證證證證證證證證證6證證證證證證證證證證證證證證證證證30證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證 0.6證證證33證證證證證證證20242024證證證證證證證證證證證 95.9證證證證證1.4證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證17證3.4證2.7證2.7證2.5證2.5證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證83證92.6證92.8證93.493.6證93.793.72024證證證證證證證證證證證 96.8證證證證證1.1證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證9.4證4.7證3.7證2.9證2.72.3證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 68.690.391.392.2證93.793.794.5/s/jJ4TRt_h27B3oAiNW6M_Og/s/jJ4TRt_h27B3oAiNW6M_Og5.國家能源局下發(fā)《關(guān)于促進(jìn)新能源集成融合發(fā)展的指導(dǎo)意見》5.國家能源局下發(fā)《關(guān)于促進(jìn)新能源集成融合發(fā)展的指導(dǎo)意見》1111證12證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證14證證證證證證證11證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證100證證22證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證33證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證44證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證55證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證/s/_T9qG5QAdelbMSqqExTV9Q/s/_T9qG5QAdelbMSqqExTV9Q6.國家發(fā)展改革委、國家能源局發(fā)布《關(guān)于促進(jìn)新能源消納和調(diào)控的指導(dǎo)意見》6.國家發(fā)展改革委、國家能源局發(fā)布《關(guān)于促進(jìn)新能源消納和調(diào)控的指導(dǎo)意見》1111證10證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證2030證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證 2證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證 22證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證/s/paSkgCGvmGzQF8wgHYXPwg/s/paSkgCGvmGzQF8wgHYXPwg7.廣東2025年12月中長期交易情況7.廣東2025年12月中長期交易情況證證證證證證證證證證證證證證2025證12證證證證證證證389.80證證證證證證證證證證證證證證證證證證證證12證證證證證證證證證證證證證證證 12證證證證證證證證證證證證22.0322.03證證證證證證證證證證證證證證證證證證證證證12證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證12證證證證證372.54證證證證證/s/Ow6PsooE8DelkDEJZGMTjg/s/Ow6PsooE8DelkDEJZGMTjg8.針對售電市場亂象，江蘇、廣東齊發(fā)風(fēng)險提示函8.針對售電市場亂象，江蘇、廣東齊發(fā)風(fēng)險提示函證證證證證證證證證 證證證證證證證證證 2026證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證 2026證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證100證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證CA證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證 2026證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證/s/bfKn5RaLzxeTc6mB6wvADw/s/bfKn5RaLzxeTc6mB6wvADw9.國家發(fā)改委發(fā)布最新輸配電定價辦法，促進(jìn)新能源消納9.國家發(fā)改委發(fā)布最新輸配電定價辦法，促進(jìn)新能源消納1111證27證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證/s/dLf0wJnTOfEmjqD7gVmmHA/s/dLf0wJnTOfEmjqD7gVmmHA（一）碳交易市場情況證證證證證證證證證證證證證證證證（一）碳交易市場情況證證證證證證證證證證證證證證證證70.14證證證證證證51.54證證證證證證證證二、行業(yè)數(shù)據(jù)證證證證證證證證證證14.80證證證證證47,753,225 證證證證2,756,968,941.142,756,968,941.1420252025證1證1證證11證28證證證證證證證證證證證證證187,414,557證證證證證11,542,765,528.9511,542,765,528.95證證證證2025證11證28證證證證證證證證證證證證證證證 817,683,221證證證證證證證證證證證證證證證1證證證證證證證證證證證證證證1證證證證證證證證證證證證證1128證證證225Q4證8015,0004010,0008015,0004010,00020 5,000 50205,00050證證060100120證證證/證證證證證證證證證060100120證證證/證證證證證證證證證證10015020,0002021-07-162021-09-162021-11-162022-01-162022-03-162022-05-162022-07-162022-09-162022-11-162023-01-162023-03-162023-05-162023-07-162023-09-162023-11-162024-01-162024-03-162024-05-162024-07-162024-09-162024-11-162025-01-162025-03-162025-05-162025-07-162025-09-162025-11-1621Q321Q422Q122Q222Q322Q423Q123Q223Q323Q424Q124Q224Q324Q425Q125Q225Q325Q4證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證25Q4證證證證25證11證證證（二）電力行業(yè)相關(guān)數(shù)據(jù)2025證10證證證證證證證證 8572證證證證證證證證10.4證證證證證證證證證證證證證證證證證120證證證證證證證證證 13.2證證證證證證5688證證證證證證證證證 6.2證證證證證證證證證證證1609證證證證證證證證證 17.1證證證證證證證證 1155證證證證證證證證證 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證證證證證證證證證證證證證證30.0025.0020.0015.0010.005.000.00-5.002020-112021-032020-112021-032021-072021-112022-032022-072022-112023-032023-072023-112024-032024-072024-112025-032025-07

120000100000800006000040000200000

25證證證證證證證證證證證證證證證證證證證:證證證證151050-52020-112021-022020-112021-022021-052021-082021-112022-022022-052022-082022-112023-022023-052023-082023-112024-022024-052024-082024-112025-022025-052025-08證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證10證證證證證證證證證證證證證證證 37.5證證證證證證證證 17.3證證證證證證證證證證證證證證證證證證證11.4證證證證證證證證 43.8證證證證證證5.9證證證證證證證證 21.4證證證證證證證證證證證 7218證證證證證證證證證證 7218證證證證證證證0.7證證證證證證證證證證證證證證證7.2證1證證證證證證證證證證證證證證證 2619證證證證證證證證 260證證證證證證證證證證5證證證證證證證證證證證證證證5證證證證證證證證證證證證證證證證證證證證證證6證證證證證證證證50000450004000035000300002500020000150001000050002020-112021-032021-072021-112020-112021-032021-072021-112022-032022-07

140證證證證證證證證:證證證證證證證證::證1008060402002025-032025-072025-032025-07

70006000500040003000200010000

140::證證:證證證證證證證證證:證證:證證100806040200-20-402020-112021-022020-112021-022021-052021-082021-112022-022022-052022-082022-112023-022023-052023-082023-112024-022024-052024-082024-112025-022025-052025-08證證證證證證證證證證證證證證證證證證證證證證證證證證證證7證7證證證證證證證證證證證證證證證證證證證證證證8證證證證證證證證證證證證證證證證證證±證證證證證證2022-112023-032023-072023-112024-032024-072022-112023-032023-072023-112024-032024-072024-11800070006000500040003000200010002020-112021-032021-072021-112022-032020-112021-032021-072021-112022-03

300證證證證證證證證證證證證證證證證:證證證證證證證證證證證:證證:證證證證2001501005002025-07-502025-07

300002500020000150001000050000

14000證證證:證證證證證證證證證證證:證證證:證證證證1000080006000400020002020-112021-032020-112021-032021-072021-112022-032022-072022-112023-032023-072023-112024-032024-072024-112025-032025-07證證證證證證證證證證證證證證證證證證證證證證證證證證證證9證9證證證證證證證證證證證證證證證證證證證證證證10證證證證證證證證證證證證證證證證證證證證證2022-072022-112023-032023-072023-112024-032024-072024-112025-032022-072022-112023-032023-072023-112024-032024-072024-112025-0325002000150010005002020-112021-032021-072021-112022-032022-072022-112023-032020-112021-032021-072021-112022-032022-072022-112023-03

250證證證證證證證證證證證證證證證證:證證證證證證證證證證證:證證:證證證證150100500-502023-072023-112024-032024-072024-112025-032023-072023-112024-032024-072024-112025-032025-07

450400350300250200150100500

250證證證證證證證證證證證證證證證證:證證證證證證證證證證證:證證:證證證證150100500-50-1002020-112021-022020-112021-022021-052021-082021-112022-022022-052022-082022-112023-022023-052023-082023-112024-022024-052024-082024-112025-022025-052025-08證證證證證證證證證證證證證證證證證證證證證證證證證證證證證事件：2025事件：2025證11證10證證證證證證證證證證證證證三、消納空間每年超2億千瓦，新能源政策拼圖逐步補(bǔ)齊證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證 2證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證設(shè)置新能源利用率目標(biāo)，引導(dǎo)各地合理開發(fā)。 證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證 3證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證發(fā)展新業(yè)態(tài)新模式，助力消納空間進(jìn)一步打開。發(fā)展新業(yè)態(tài)新模式，助力消納空間進(jìn)一步打開。證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證AI+證證證證證證完善新能源參與市場的規(guī)則和電價機(jī)制，引導(dǎo)價格向價值回歸。完善新能源參與市場的規(guī)則和電價機(jī)制，引導(dǎo)價格向價值回歸。證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證新能源消納依賴于電力系統(tǒng)整體調(diào)節(jié)能力的提升，關(guān)注對水電、火電等傳統(tǒng)電源以及儲能的催新能源消納依賴于電力系統(tǒng)整體調(diào)節(jié)能力的提升，關(guān)注對水電、火電等傳統(tǒng)電源以及儲能的催化?；ＷC證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 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0.3840.3837證/kwh證證證證證證證0.2-0.38440.3844證/kwh證證證證證證證證證證證 0.3844證/kwh證證證證證證證證證證證上海：上海：證證證證證證證證證證證證證證 證證證證證證證證證證證證證證 22證kwh證證證證證證證證證 2039證證證證證證證證證證證證證證證5.38證kwh證證證證證證證證證證證 2證證證證證證證證1.36證kwh證證證證證證證證證證證證證90 證證證證證證證證證證證證證證證證證證證證證證證證證證證1844h/2.95證證證證證證證證證證證證證證10證證證證證證證證 2.89證kwh證證證證證證證證證證 90 證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證1290h/0.68 證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證 0.4155證/kwh證證證證證證證證證證證證證證證證0.2182-0.420.42證/kwh證證證證證證證黑龍江：黑龍江：證證證證證證證證證證證證證證 證證證證證證證證證證證證證證 63.04證kwh證證證證證證證證證 277證證證證證證證證證證證證證證證證63.04證kwh證證證證證證證證證證證 11證證證證證證證證 52.71證kwh證證證證證證證證證證證證證證證證85證證證證證證證證證證證證證證證證證證證證證證證證證證證2485h/1.99 證證證證證證證證證證證證證證證3證證證證證證證證9.99證kwh證證證證證證證證證 85證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證1517h/3.18證證證證證證證證證證證證 證證證證證證證證證證證證 0.228111證證證證證證證證證證證證證證 證0.114證/kwh/kwh證證證證證證證證 0.374證/kwh證證天津：天津：證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證 40證kwh證證證證證證證證證 1279證證證證證證證證證證證證證證證證證9.4證kwh證證證證證證證證證證 4證證證證4.6證kwh證證證證證證證證 9證證證證證證證證證證3.0證kwh證證證證證證證證3證證證證證證0.8證證證證證證證證證證證證證證證證證證證證證證證證證證 0.3196證/kwh證證證證證證證0.32證/kwh證證證證證0.3655證證證80證證證證證證證證證證證證證證證證證證證證1800/1300h證證證證證證證證證證證證證證證證證 0.3196證/kwh證證證證證證證0.32證/kwh證證證證證0.3655證證證80證證證證證證證證證證證證證證證證證證證證1800/1300h證證證證證證證/kwh證證甘肅（第二批）：甘肅（第二批）：證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證 15.2證kwh證證證證證證證證證 701證證證證證15.215.2證kwh證證證證證證證證證證證證 9證證證證證2.79證kwh證證證證23證證證證證12.1412.14證kwh證證證證證證2證證證證證0.18證kwh667證證證證證0.08證kwh證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證&證證證證證262h證證證證證證199h證證證2024證證證證證證證證 1620證證證證證證證證證證 證證證證證證證證證證 1280證證1證證證證證證證證證證證證證證證證證證 385證292h證證證證證證證證證證證證證證證 證證證證證證證證證證證證 0.1954證/kwh證證證證證證證 證0.1954證證證證證證證證證證證證證證證37證證證證證證證證證證證證11證136證證證證證證證證證證證證證證省份光伏風(fēng)電燃煤基準(zhǔn)價元/kwh機(jī)制電價元/kwh較燃煤基準(zhǔn)價折價幅度機(jī)制電量執(zhí)行期限年競價上下限元/kwh機(jī)制電價元/kwh較燃煤基準(zhǔn)價折價幅度機(jī)制電量執(zhí)行期限年競價上下限元/kwh山東0.225-4380100.123-0.350.319-1970100.094-0.350.3949寧夏（模擬結(jié)果）0.2197-15120.18-0.25950.2197-15120.18-0.25950.2595云南0.33-260120.22-0.33580.332-150120.18-0.33580.3358新疆0.235-650100.15-0.2620.252150100.15-0.2620.25甘肅0.1954-3723120.1954-0.24470.1954-3724120.1954-0.24470.3078江西0.33-2065100.24-0.380.375-965100.24-0.380.4143廣東（分布式光伏）0.36-2180120.2-0.40.453青海0.24-2325120.18-0.240.24-2320120.205-0.240.3127安徽（獨(dú)立競價）0.3837085120.2-0.38440.3837085120.2-0.38440.3844安徽（統(tǒng)一競價）0.384063120.2-0.38440.384063120.2-0.38440.3844上海0.4155090120.2182-0.420.4155090120.2182-0.420.4155黑龍江0.228111-3985120.114-0.30.228111-3985120.114-0.30.374天津0.3196-138010上限0.32，不設(shè)下限0.3196-138010上限0.32，不設(shè)下限0.3655甘肅（第二次）0.1954-3716120.1954-0.24470.1954-3716120.1954-0.24470.3078證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證1/s/yzek2fFLpkqKW0D8UAozpg事件：證證證證證證證證證證證證證證事件：證證證證證證證證證證證證證證證證證證證證證證證證證證20252025證1五、火電電量由降轉(zhuǎn)增，用電量增速加快證證證證證證證證證證證證證證70.01GW證證證證證52.9證證證證證證證證 252.87GW 證證證證證39.6證20252025證1證證證證證證證86246證證證證證證證證證 5.1證2025證1證證證證證證8062580625證證證證證證證2.3證1010月風(fēng)電裝機(jī)同比增長，太陽能裝機(jī)同比下降。 10證證證證證證證證證證證證 8.92GW證12.60GW12.60GW證證證證證證證證33.6證證證證證證證證證證證證證證證證 136證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證10證證證證證證證證證證證證證證證證 590.39GW 1140.18GW 證證證證證證證43.843.8證證證證證證證證證證 15.7證30.4證證證證證證證證證證證證證 2025證證證證證證證證證證證證證證43000GW證證證證證11證證證證證證107證證證證證10月火電電量由降轉(zhuǎn)增，水電電量增速放緩但仍維持高位。10月火電電量由降轉(zhuǎn)增，水電電量增速放緩但仍維持高位。10證證證證證證證8002證證證證證證證證證證證證證證7.9證證證證9證證證證6.4pct證10證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證證證證 10證證證證證證證證證證證證證證證證證證證證證證證+7.3證證證+7.3/+28.2/ //證證證證9證證證證證證-4.3pct/-15.2pct4.3pct/-15.2pct證證證證證證證證證證證證證證證證10證證24證證證證證證證證證證證證 175證證證證證2010證證證證證175證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證10月用電量增速加快，三產(chǎn)、居民用電量增速大幅增加。10月用電量增速加快，三產(chǎn)、居民用電量增速大幅增加。10證證證證證證證證證證證 證證證證 10.4證證證證 9證證證 5.9pct證證證證證/證證/證證/證證證證證證證證120/5688/1609/1155 120/5688/1609/1155 證證證證證證證證證證證 13.2/6.2/17.1/23.9 證證9證證證證證證證+5.9pct/+0.5pct/+10.8pct/+26.5pct +5.9pct/+0.5pct/+10.8pct/+26.5pct 證證證證10證證證證證證證證證證證證證證證證證證證證證10證證證證證證證證證證證證證證證證證證18.4證證證證證證證證證證證證證證證證證46證證證證證證證證證證證證61.8證10證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證10證證證證證證證證證證證 65.9證63.263.2證47.0證證證證證證證證證證證證證證證 20證（一）環(huán)保公用行業(yè)市值證證2025（一）環(huán)保公用行業(yè)市值證證2025證11證28證證A證SW證證證證證證證證證證 131證證證證證證證36,171證六、環(huán)保公用行業(yè)表現(xiàn)證證證證證證證證 證證證證證證證證 10,852證證證證證證證證證證 30.00證SW證證證證證證證證 133證證證證證證證證證證證證證9,081證證證證證證證證證證 3,873證證證證證證證證證證 42.65證證證證證證證證證證證證證證證證證A證證證證證證證3.79證證證證證證 A證證證證證證證4.20證證12證證證證證證證證證證證證證證12證證證證證證證證證證證證證證證證證證證證證證證13證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證（二）板塊表現(xiàn)2025證11證證證證300證證證證2.46證SW證證證證證證1.76證證證證證300證證0.70pct0.70pct證SW證證證證證證2.02證證證證證300證證0.43pct證證證證證證證證證證證證證證證證證證證證 證證證證證證證證證 17證證證證證證證證證證 19證證證14證證14證2024證證證證證證證證證證證證15證證證證證證證PE證TTM證50%

證證300 40證證證證證證0.0010.0020.0030.0040.000.0010,000.0020,000.0030,000.0040,000.0050,000.00300證證證證證證證證證證證證證證證證證證證證/A證證證證證證0.0010.0020.0030.0040.000.0010,000.0020,000.0030,000.0040,000.0050,000.00300證證證證證證證證證證證證證證證證證證證證/A證證證證證證證證證證證證/A250200150100500.002.004.006.008.000證證證A 2023-12-31 2024-01-312024-02-292024-03-312024-04-302024-05-312024-06-302024-07-312024-08-312024-09-302024-10-312024-11-302024-12-312025-01-312025-02-282025-03-312025-04-302025-05-312025-06-302025-07-312025-08-312025-09-302025-10-312025-11-30證證證證40% 35證證證證30% 3020% 2510% 200% 15-10%10-20%-30%證證證證證證證證證證證證證證證證證證證證證證證證證證證證證11證28證證證證證證證證證證證證證證證證證 18.07x/23.43x證證證證證證證證證證證證證證證證證證證證證證證證證證證證證18.01x18.97x22.58x3.02.62.01.00.0-1.00.7-2.02.03.04.24.2-5.0-4.0-3.0-6.0-5.03.02.62.01.00.0-1.00.7-2.02.03.04.24.2-5.0-4.0-3.0-6.0-5.0-4.0-3.0-2.0-1.00.01.0證16證證證證證證證證證證證17證證證證證證證證證證證證證證證4.03.03.04.03.03.02.01.00.0證證證證證1.42.24.8證4%2%0%-1.0-2%-1.0-2.0-4%-2.0-3.0證-3.0證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證證-4.0-4.0-5.0-5.0-6.0-6.0證證證證證證證證證證證證證證證證證證證證證證證證證證證11證證證證證證證證證證證證證證證證證證證證證證 3.0證證證證證證證證證證證證證證證 證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證證證 證證2.62.6證證證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證證證證證證證證證證證 0.1證0.2證證證證18證證證證證證證證證證證證證證18證證證證證證證證證證證證證證19證證證證證證證證證證證證證0.10.2證證證證證證證證-2.2證證證證證證-4.8證證證證證證證證證證證證證證證證證證證證證證證證證證證11證證證證證證證證證證證證證證證證證證證 33.1證證證證證證26.0證證證證23.4證證證證證證證證證證證證21.8證證證證證證證17.6證證11證證證證證證證證證證證證證證 104.6證證證證證證證證證25.3*ST證證證24.8*ST證證證23.5證證證證證證21.4證證證20證證證證證證證證證證證證證證20證證證證證證證證證證證證證證21證證證證證證證證證證證證證35.033.130.026.035.033.130.026.023.425.021.820.017.615.010.05.00.0證證證證 證證證證 證證證證證證 證證證證120.0104.6100.080.060.040.025.324.823.521.420.00.0*ST證證 *ST證證 證證證證證證證證證證證證證證證證證證證證證證（一）板塊表現(xiàn)11證證證證證證證證證證證證證證（一）板塊表現(xiàn)11證證證證證證證證證證證證證證證證證證證證證證證證證證證11證28證證證證證七、投資建議及股票池證證證證證證證證證證證證證證15.80證證證證證證證證證證證證證 14.18證證證證證證證證證1.62pct證證證22證證證證證證證證證證證證證證證證證證證證證證50%40%30%20%10%0%12/3101/2102/1103/0303/2404/1405/0505/2606/1607/0707/2808/1809/0809/2910/2011/1012/0112/2201/1202/0202/2303/1604/0604/2705/1806/0806/2907/2008/1008/3109/2110/1211/0211/23-10%12/3101/2102/1103/0303/2404/1405/0505/2606/1607/0707/2808/1809/0809/2910/2011/1012/0112/2201/1202/0202/2303/1604/0604/2705/1806/0806/2907/2008/1008/3109/2110/1211/0211/23證證證證證證證證證證證證證1證證證證證證證證證1128證證證證證證證證證證證證證證證證證證證/證證003816.SZ證證證證-4.3120.241903.80600674.SH證證證證-0.9516.50710.72600023.SH證證證證-2.529.26674.46證證證證證證證證證（二）投資建議證證證證證證（二）投資建議證證證證證證1證證證證9證證證證證證證證證證證證證證 證證證證證證證證證證 Q5500證證證證證證證證證證證證證證證 證證證證證證證證證證證證證證 834證證證證11證25證證證證證證證證證28證證證816證證證證證證證證證證證證證證證