gameblockchainandroid| Good power reform policies have been implemented one after another, Hong Kong stocks, and the power sector has strengthened against the trend. Huadian International rose more than 5%

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this article is fromgameblockchainandroid: Financial Union Feng Yi

Financial Union, May 24 (Editor Feng Yi) Hong Kong stock power stocks collectively rebounded against the trend today. As of press time, Huadian International (01071gameblockchainandroid.HK) rose more than 5%, Datang Power (00991.HK) rose nearly 4%, Huaneng International (00902.HK) and China Power (02380.HK) both rose more than 3%, and China Resources Power (00836.HK) followed suit.

On the news front, the National Energy Administration released statistics on the national power industry from January to April. As of the end of April, the country's cumulative installed power generation capacity was approximately 3.01 billion kilowatts, a year-on-year increase of 14.1%. Among them, the installed capacity of solar power generation is approximately 670 million kilowatts, a year-on-year increase of 52.4%; the installed capacity of wind power is approximately 460 million kilowatts, a year-on-year increase of 20.6%.

According to a report by Shanxi Securities analysts Hu Bo and Liu Guijun on May 23, the electricity consumption of the whole society in the first quarter increased by 9.8% year-on-year. The fundamentals of the industry are both strong, and the high prosperity is expected to continue.

Shanxi Securities also said that with the development of new productivity such as AI and the trend of electricity substitution, electricity demand may further increase.

On the other hand, since the beginning of this year, electricity reform expectations have continued to catalyze the market for power stocks, and the game around electricity prices has also become the main logic for the market to pay attention to power stocks.

This month, the National Development and Reform Commission issued the "Basic Rules for the Operation of the Electricity Market" to promote more market-oriented transactions in electricity, capacity, and auxiliary services. The new regulations will come into effect on July 1, 2024. Among them, market members have added new business entities such as energy storage companies, virtual power plants, and load aggregators.

Earlier, the National Development and Reform Commission issued the "Notice on Provincial Power Grid Transmission and Distribution Prices and Related Matters in the Third Supervision Period" on May 15, approvinggameblockchainandroidThe transmission and distribution prices implemented by provincial power grids in the next three years will also promote the deepening of power reform.

Shanxi Securities pointed out that in the long run, the coal-electricity capacity electricity price mechanism will be gradually promoted, and the proportion of fixed costs recovered through capacity electricity prices will gradually increase. The two-part electricity price will also continue to support the stable profitability and dividend distribution ability of thermal power companies.