銀河證券:煤電調節能力再加強 板塊估值重塑有望加速
銀河證券研報稱,國家發改委、國家能源局發佈《新一代煤電升級專項行動實施方案(2025—2027年)》,《方案》在“三改聯動”基礎上,進一步深化拓展煤電技術指標體系,指導現役機組改造升級、新建機組建設運行和新一代煤電試點示範。煤電升級改造投資有望加速;煤電經過改造後通過現貨、碳交易等市場有望獲得超額收益,體現機組調節價值和環境價值,火電板塊建議關注運行管理能力較強的龍頭企業;煤電升級改造也將打開水電及新能源消納空間。
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