金吾财讯 | 华泰证券表示，美以伊冲突下全球油价大幅上涨，带动海外煤价上涨，基于华泰预期，2026年我国北港5500大卡动力煤价格中枢将上移至750元/吨附近。该机构测算若港口5500大卡动力煤价格上涨50元/吨（含税），能源价格传导下批发侧电价将上涨2.9%，对应工业电价上涨2.0%-2.2%；token出海带来的AIDC绿电需求提升有望推升绿证价格，当前绿证价格仅为碳价的9%，若绿证价格提升至与碳价持平，则批发电价将增厚15%，工业电价将增厚10-11%。煤价上涨带来的市场化电价提升更有利于成本稳定的清洁能源，同时推荐经营更稳健的煤电联营公司。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.