--- title: "The utilities ETF Penghua rose nearly 1%, driven by AI improving the power supply and demand pattern, with the growth rate of thermal power generation rebounding" type: "News" locale: "en" url: "https://longbridge.com/en/news/283282372.md" description: "Penghua CSI All Share Utilities ETF rose nearly 1%, benefiting from the recovery in thermal power generation growth and the increase in hydropower output. GF Securities pointed out that the growth of wind and solar installations is constrained by grid connection issues, with the wind and solar consumption rate in the Three North regions approaching 90%. The decline in thermal power approvals, combined with the release of AI load, has improved the power supply and demand pattern. In April, the spot electricity price in Guangdong surged significantly, showing a clear trend of stabilization and recovery. The CSI All Share Utilities Index rose 0.76%, with active performance from constituent stocks" datetime: "2026-04-20T02:04:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283282372.md) - [en](https://longbridge.com/en/news/283282372.md) - [zh-HK](https://longbridge.com/zh-HK/news/283282372.md) --- # The utilities ETF Penghua rose nearly 1%, driven by AI improving the power supply and demand pattern, with the growth rate of thermal power generation rebounding Power stocks are active during the trading session. Recently, the growth rate of thermal power generation has significantly rebounded, with a year-on-year increase of 4.2% in March. Coupled with a simultaneous increase in hydropower output, the energy value of the power system's base load has become more prominent. Guangfa Securities pointed out that as the installed capacity of wind and solar power continues to grow but grid connection constraints become stricter, the wind and solar consumption rate in the Three North regions has approached the 90% red line. After the full marketization of new energy projects, the pace of installed capacity is expected to slow down; meanwhile, the approval volume for thermal power has significantly declined, and emerging loads such as AI are accelerating their release, jointly promoting the continuous improvement of the power supply and demand pattern. Since April, the spot electricity price in Guangdong has surged significantly, confirming that the cost transmission mechanism to the end-users is accelerating, and the trend of stabilizing and rising electricity prices is becoming clearer. As of April 20, 2026, 09:46, the CSI All Share Utilities Index (000995) rose by 0.76%. The constituent stocks include ChuanTou Energy rising by 5.37%, Hubei Energy rising by 4.53%, JiuFeng Energy rising by 3.68%, LianMei Holdings rising by 3.34%, and GuoTou Power rising by 3.11%. The utilities ETF Penghua (560190) rose by 0.66%, with the latest price reported at 1.06 yuan. The utilities ETF Penghua closely tracks the CSI All Share Utilities Index. The CSI All Share Industry Selection Index series selects listed companies that meet certain liquidity and market capitalization screening criteria from the CSI All Share Industry to serve as index samples, reflecting the overall performance of representative and investable listed company securities within various industries. Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI All Share Utilities Index (000995) are Changjiang Electric Power, China Nuclear Power, Three Gorges Energy, Guodian Power, Yongtai Energy, China General Nuclear Power, GuoTou Power, Huaneng International, ChuanTou Energy, and Shanghai Electric Power, with the top ten weighted stocks accounting for a total of 52.54% ### Related Stocks - [560190.CN](https://longbridge.com/en/quote/560190.CN.md) - [000995.CN](https://longbridge.com/en/quote/000995.CN.md) - [000776.CN](https://longbridge.com/en/quote/000776.CN.md) - [01776.HK](https://longbridge.com/en/quote/01776.HK.md) - [600674.CN](https://longbridge.com/en/quote/600674.CN.md) - [000883.CN](https://longbridge.com/en/quote/000883.CN.md) - [605090.CN](https://longbridge.com/en/quote/605090.CN.md) - [600167.CN](https://longbridge.com/en/quote/600167.CN.md) - [600886.CN](https://longbridge.com/en/quote/600886.CN.md) - [600795.CN](https://longbridge.com/en/quote/600795.CN.md) - [600900.CN](https://longbridge.com/en/quote/600900.CN.md) - [601985.CN](https://longbridge.com/en/quote/601985.CN.md) - [600905.CN](https://longbridge.com/en/quote/600905.CN.md) - [600157.CN](https://longbridge.com/en/quote/600157.CN.md) - [003816.CN](https://longbridge.com/en/quote/003816.CN.md) - [01816.HK](https://longbridge.com/en/quote/01816.HK.md) - [600011.CN](https://longbridge.com/en/quote/600011.CN.md) - [00902.HK](https://longbridge.com/en/quote/00902.HK.md) - [600021.CN](https://longbridge.com/en/quote/600021.CN.md) - [HNPIY.US](https://longbridge.com/en/quote/HNPIY.US.md) ## Related News & Research - [ZAWYA: DEWA says $2.3bn transmission network projects under development](https://longbridge.com/en/news/286665525.md) - [Power ministry working on tariff redesign, tweaking fixed charges](https://longbridge.com/en/news/286679789.md) - [Combined NextEra-Dominion Would Have 130-GW Large-Load Pipeline](https://longbridge.com/en/news/286830722.md) - [Tata Power's (NSE:TATAPOWER) Problems Go Beyond Weak Profit](https://longbridge.com/en/news/286980045.md) - [Thermal, gas-fired power plants regain momentum as energy demand rises](https://longbridge.com/en/news/286712640.md)