Understanding the Market | Power Stocks Warm Up Today, State-owned Assets Supervision and Administration Commission Focuses on Stabilizing Electricity Prices, Institutions Say the Period of Maximum Pressure for Declining Electricity Prices is Coming to an End

Power stocks rebounded today, with CGN Power rising 4.76%, Datang Power increasing 3.96%, HPI up 3.89%, and CHINA LONGYUAN gaining 3.65%. The State-owned Assets Supervision and Administration Commission held a symposium focusing on stabilizing electricity prices and coal prices, with institutions believing that the downward pressure on electricity prices is about to pass. Guosheng Securities pointed out that the long-term contract electricity price will be lowered in 2025, the capacity price for thermal power will increase, and the price risk will be released after the green electricity marketization. GF Securities emphasized that expectations for stable electricity prices have strengthened, thermal power is pursuing efficiency, and dividend yields are increasing