20240107-国联证券-公用事业行业月报_煤电容量电价单列_20省代购电价格下跌_43页_1mb

报告摘要

Capacity Electricity Price: Ranges from 0.0005 to 0.0037 yuan/kWh across 30 provinces; top three: Henan (0.0037), Chongqing (0.0029), Guangxi (0.0023); bottom three: Qinghai (0.0005), Sichuan (0.0008), Beijing (0.0010).
Agent Purchase Price Fluctuations: Most provinces showed price decreases month-over-month; exceptions include Hebei, Chongqing, and others with significant rises or drops; year-over-year comparisons reveal massive variations, with notable increases in regions like Yunnan and decreases in Shanxi.
Peak-Valley Price Difference: Narrowed in most of the 20 provinces covered; changes were typically minor, with minor adjustments such as in Hebei; all amounts generally fell between 0.4 and 10 yuan/kWh.
Energy Storage Yields: Most provinces saw yields between 1% and 10%, with 15 exceeding 5%; top yields in Guangdong (10.87%), Hainan (10.07%), etc.
Investment Recommendations: Focus on companies offering business-side energy storage, such as GoodWee and SUNGROW; also explore distributed solar opportunities in regions listed, requiring attention to midday non-valley times, referencing entities like CSG Energy.
Risk Factors: Market price volatility and policy changes pose significant risks to investments.