公用事业行业动态报告:10月发电量增长7.9% 火电发电量环比转降为增

中信建投证券
Nov 17, 2025

核心观点近期,国家能源局披露2025 年10 月份能源生产情况,发电量方面,10 月份,规上工业发电量8002 亿千瓦时,同比增长7. 9%,增速比9 月份加快6.4 个百分点;其中火电、水电、风电和核电发电量分别为5138、1351、733和387亿千瓦时,同比变化+7. 30%、+28.20%、-11.90%和+4.20%。受益于下游用电量需求增长与新能源出力减少,火电发电量规模同比增长;受来...

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