Huatai Securities: The construction of the electricity spot market is accelerating, focusing on wind power, power forecasting, four capabilities, virtual power plants and other directions.

Huatai Securities research report pointed out that the National Development and Reform Commission and the Energy Bureau recently issued a "Notice on Accelerating the Construction of the Electricity Spot Market", requiring comprehensive acceleration of the construction of the electricity spot market. By the end of 2025, the electricity spot market will be basically covered, continuous settlement operation will be fully carried out, and the key role of the spot market in discovering prices and regulating supply and demand will be fully played. The environment of ample electricity supply and demand is creating a window for accelerating the marketization of electricity. It is optimistic that investment directions such as wind power, power forecasting, and decarbonization will benefit from the marketization of electricity.