申万公用环保周报:机制电价省间差异大 欧亚气价持续下探

申万宏源研究
Dec 08, 2025

本期投资提示:电力:多地机制电价竞价结果公示,竞价结果均接近上限。冀北电网、宁夏、辽宁、河北南网、陕西、福建竞价结果均贴近上限。机制电价的差异体现各地消纳能力、机制电量的供需、和当地政策导向。此前甘肃、山东的低机制电价,资源禀赋强,但消纳能力弱,竞价激烈,出清价格就会相对较低,近期几个省份的机制竞价结果均贴近上限的共性则是,政府给予的机制电量指标较高。如河北南网、冀北电网共安排648.74 亿度...

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