20240315-宝城期货-电力周报_气温逐渐走暖_电力供需放缓_12页_1mb

Power Industry Week-Only Summary Report

March 15, 2X24

Core Insights

• National policy directions emphasize development of new quality productive forces in the energy sector, accelerating the energy revolution and building a new energy system.
• Renewable energy capacity has overtaken conventional power generation, with wind and solar driving new installations, supported advancements akin to energy storage.

Current Market Conditions

• Climate warming reduces electricity demand and supply pressure: domestic temperatures rising led stable coal consumption (e.g., 2139 mt/day in coastal regions), easing thermal power strain.

• Hydropower activity varies based on water levels (e.g., Three Gorges Dam saw reduced inflow, impacting operations).

• Economic factors, like industrial profit challenges, hint at an impending supply-denial scenario xomediotate.