On January 2, power stocks rose, as of press time, Xichang Electric Power rose by the limit, Anhui Power, Zhejiang Power, Mindong Electric Power, etc. rose more than 5%.
On the news side, recently, the Department of Structural Reform of the National Development and Reform Commission held a national conference on the reform of the development and reform system in Nanning, Guangxi.
The meeting clarified the key tasks in 2024: First, accelerate the construction of a unified national market. Accelerate the improvement of basic systems for market access and property rights protection, and actively and steadily promote key reforms. Improve systems for the rectification of improper interference in the construction of a large national unified market, as well as for interviewing and reporting typical cases. Encourage the Beijing-Tianjin-Hebei region and the Yangtze River Delta to take the lead in carrying out the construction of regional market integration, and provide the whole country with experience that can be replicated and promoted. Study and improve the top-level design of the market access system, and continue to do a good job in breaking down market access barriers and evaluating the effectiveness of market access. The second is to continuously improve the implementation of the "two unswerving" systems and mechanisms. Deepen research on the reform of state-owned assets and state-owned enterprises, and vigorously promote the optimization of the layout and structural adjustment of the state-owned economy. Improve the modern enterprise system with Chinese characteristics, and guide enterprises to improve their corporate governance mechanisms. Accelerate the construction of world-class enterprises and create a good ecology for the development of all kinds of enterprises. Third, we will continue to promote the reform of key industries. To speed up the construction of a unified national electricity market system and promote the official operation of the electricity spot market, all localities should improve the working mechanism of market construction, do a good job in work coordination, and strengthen supervision and management. Improve the construction of the green power market and effectively promote the transformation of the region's energy structure. Deepen the reform of the management system and operation mechanism of the oil and gas pipeline network, and accelerate the construction of a national network. Fourth, we will continue to promote major reform pilots. We will do a good job in the comprehensive reform pilots in Shenzhen, Xiamen and Pudong, and do a good job in the implementation of the special measures to relax market access that have been introduced in Hainan, Shenzhen and Hengqin, increase efforts to promote the relaxation of market access, and optimize the market access environment for new forms of business and new fields.
Guosheng** said that looking forward to 2024, "lack of electricity supply" and "solving consumption" are still the two clear main lines of power investment. Focusing on these two main lines, the reform of the power system will be further promoted, the price of coal-fired power capacity will be implemented, the spot market will accelerate the expansion of the scope of opening-up, and the ancillary service market is expected to explore a multi-variety improvement mechanism. Focus on the thermal power sector with revaluation flexibility and the dividend assets at different stages of development, hydropower and nuclear power sectors.
Cinda** said that after several rounds of tensions between power supply and demand in China, the power sector is expected to usher in earnings improvement and value revaluation. Looking ahead, the agency believes that the performance of power operators is expected to improve significantly.