Movement Alert|HUANENG POWER Rises 3.32% in Regular Trading, Summer Peak Electricity Demand Hits Record High Boosting Power Sector

Market Focus
Aug 03

On August 3, HUANENG POWER rose 3.32% in regular trading, trading at 6.245 HKD/share, with turnover of approximately 22.43 million HKD.

On the news front, China's National Energy Administration recently stated that national electricity load hit record highs three times during this summer's peak season, reaching a maximum of 1.553 billion kilowatts — approximately 45 million kilowatts higher than last year's peak. Multiple regions have experienced sustained strong electricity demand. The robust consumption, coupled with effective supply security measures, has reinforced profit expectations for thermal power operators.

The National Development and Reform Commission previously projected that peak national electricity load this summer would reach approximately 1.6 billion kilowatts, representing a year-over-year increase of about 90 million kilowatts. The China Electricity Council forecasts total social electricity consumption to grow 5%-6% year-over-year. Within the Independent Power Producers and Energy Traders sector, CGN POWER rose 2.77%, DATANG POWER rose 2.58%, CHINA POWER rose 1.41%, and CHINA RES POWER rose 0.88%, reflecting broad sector strength.

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