每經AI快(kuai)訊，有投資(zi)者在投資(zi)者互動(dong)平(ping)臺提(ti)問：請問隨著電力市場交易的規模不斷擴(kuo)大，電價對公司業績(ji)有什么影響？

金開新(xin)(xin)能（600821.SH）2月28日在(zai)(zai)投資(zi)(zi)者互動(dong)平(ping)(ping)臺表示， 總(zong)體看(kan)(kan)，電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)波動(dong)對(dui)(dui)公(gong)司(si)(si)(si)(si)(si)(si)(si)的(de)(de)(de)(de)(de)(de)邊(bian)際(ji)影(ying)響已(yi)處于底部(bu)(bu)。 截至目(mu)(mu)(mu)前(qian)，我(wo)國多數(shu)省份已(yi)開展(zhan)中長(chang)(chang)期電(dian)(dian)(dian)(dian)(dian)(dian)量市場化(hua)交易(yi)(yi)(yi)，同時電(dian)(dian)(dian)(dian)(dian)(dian)力現貨市場建設(she)進展(zhan)較(jiao)快，其(qi)中，山(shan)西(xi)、廣東(dong)(dong)(dong)已(yi)于2023年(nian)底轉入正式(shi)運(yun)(yun)行，山(shan)東(dong)(dong)(dong)、蒙西(xi)、甘肅已(yi)進入長(chang)(chang)周期結(jie)(jie)(jie)算試運(yun)(yun)行階段(duan)。從(cong)近幾年(nian)電(dian)(dian)(dian)(dian)(dian)(dian)力交易(yi)(yi)(yi)情況來看(kan)(kan)，公(gong)司(si)(si)(si)(si)(si)(si)(si)認(ren)為(wei)電(dian)(dian)(dian)(dian)(dian)(dian)力市場化(hua)交易(yi)(yi)(yi)所導致價(jia)(jia)(jia)格波動(dong)的(de)(de)(de)(de)(de)(de)邊(bian)際(ji)影(ying)響已(yi)處于底部(bu)(bu)。 從(cong)公(gong)司(si)(si)(si)(si)(si)(si)(si)角(jiao)度來講(jiang)，項(xiang)(xiang)(xiang)目(mu)(mu)(mu)分為(wei)存量項(xiang)(xiang)(xiang)目(mu)(mu)(mu)和增(zeng)量項(xiang)(xiang)(xiang)目(mu)(mu)(mu)。 存量項(xiang)(xiang)(xiang)目(mu)(mu)(mu)來看(kan)(kan)：新(xin)(xin)疆區(qu)(qu)(qu)域(yu)(yu)占公(gong)司(si)(si)(si)(si)(si)(si)(si)總(zong)發(fa)(fa)電(dian)(dian)(dian)(dian)(dian)(dian)量超1/3，且幾乎全部(bu)(bu)為(wei)國家規劃西(xi)電(dian)(dian)(dian)(dian)(dian)(dian)東(dong)(dong)(dong)送大通(tong)道準皖直流項(xiang)(xiang)(xiang)目(mu)(mu)(mu)，受端(duan)為(wei)華東(dong)(dong)(dong)電(dian)(dian)(dian)(dian)(dian)(dian)網(wang)，電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)極(ji)具競(jing)爭力，屬于優(you)質(zhi)資(zi)(zi)產(chan)；寧夏區(qu)(qu)(qu)域(yu)(yu)主要為(wei)光伏資(zi)(zi)產(chan)，2023年(nian)中長(chang)(chang)期交易(yi)(yi)(yi)政策(ce)(ce)對(dui)(dui)該區(qu)(qu)(qu)域(yu)(yu)內(nei)電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)影(ying)響較(jiao)大，但公(gong)司(si)(si)(si)(si)(si)(si)(si)判斷電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)已(yi)處于階段(duan)性底部(bu)(bu)；山(shan)西(xi)區(qu)(qu)(qu)域(yu)(yu)現貨市場已(yi)試運(yun)(yun)行3年(nian)，從(cong)歷史(shi)交易(yi)(yi)(yi)情況來看(kan)(kan)，電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)每年(nian)逐步提升，且公(gong)司(si)(si)(si)(si)(si)(si)(si)在(zai)(zai)山(shan)西(xi)區(qu)(qu)(qu)域(yu)(yu)均為(wei)光伏領跑者項(xiang)(xiang)(xiang)目(mu)(mu)(mu)，未來可(ke)能會出臺差異化(hua)電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)政策(ce)(ce)；山(shan)東(dong)(dong)(dong)區(qu)(qu)(qu)域(yu)(yu)現貨市場運(yun)(yun)行2年(nian)，公(gong)司(si)(si)(si)(si)(si)(si)(si)所持風(feng)電(dian)(dian)(dian)(dian)(dian)(dian)資(zi)(zi)產(chan)比(bi)例較(jiao)高(gao)，從(cong)交易(yi)(yi)(yi)結(jie)(jie)(jie)果上看(kan)(kan)，電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)影(ying)響較(jiao)小。 增(zeng)量項(xiang)(xiang)(xiang)目(mu)(mu)(mu)來看(kan)(kan)：公(gong)司(si)(si)(si)(si)(si)(si)(si)在(zai)(zai)投資(zi)(zi)決策(ce)(ce)時結(jie)(jie)(jie)合項(xiang)(xiang)(xiang)目(mu)(mu)(mu)所在(zai)(zai)區(qu)(qu)(qu)域(yu)(yu)的(de)(de)(de)(de)(de)(de)電(dian)(dian)(dian)(dian)(dian)(dian)源(yuan)結(jie)(jie)(jie)構(gou)、網(wang)架結(jie)(jie)(jie)構(gou)、電(dian)(dian)(dian)(dian)(dian)(dian)力供需發(fa)(fa)展(zhan)趨勢等，在(zai)(zai)電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)測(ce)算邊(bian)界方面(mian)已(yi)充(chong)分考慮(lv)未來開展(zhan)現貨交易(yi)(yi)(yi)后可(ke)能的(de)(de)(de)(de)(de)(de)電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)影(ying)響；另一方面(mian)，公(gong)司(si)(si)(si)(si)(si)(si)(si)不(bu)斷創新(xin)(xin)項(xiang)(xiang)(xiang)目(mu)(mu)(mu)開發(fa)(fa)模式(shi)，在(zai)(zai)部(bu)(bu)分項(xiang)(xiang)(xiang)目(mu)(mu)(mu)中參考國際(ji)慣例，通(tong)過引入長(chang)(chang)期PPA或照(zhao)付不(bu)議協議等機制(zhi)來對(dui)(dui)沖未來電(dian)(dian)(dian)(dian)(dian)(dian)力市場的(de)(de)(de)(de)(de)(de)電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)波動(dong)風(feng)險。 另外，公(gong)司(si)(si)(si)(si)(si)(si)(si)積極(ji)響應國家推動(dong)綠(lv)色電(dian)(dian)(dian)(dian)(dian)(dian)力消(xiao)費的(de)(de)(de)(de)(de)(de)號召(zhao)，依托綠(lv)色電(dian)(dian)(dian)(dian)(dian)(dian)力交易(yi)(yi)(yi)機制(zhi)，積極(ji)參與綠(lv)電(dian)(dian)(dian)(dian)(dian)(dian)及(ji)綠(lv)證交易(yi)(yi)(yi)，充(chong)分發(fa)(fa)揮綠(lv)色電(dian)(dian)(dian)(dian)(dian)(dian)力的(de)(de)(de)(de)(de)(de)環境價(jia)(jia)(jia)值(zhi)。2023年(nian)以來，公(gong)司(si)(si)(si)(si)(si)(si)(si)跨省及(ji)區(qu)(qu)(qu)域(yu)(yu)內(nei)綠(lv)電(dian)(dian)(dian)(dian)(dian)(dian)交易(yi)(yi)(yi)合計45,302.9萬千瓦時，綠(lv)證交易(yi)(yi)(yi)合計64,288張，有(you)效(xiao)(xiao)提升了相應項(xiang)(xiang)(xiang)目(mu)(mu)(mu)的(de)(de)(de)(de)(de)(de)收益水平(ping)(ping)。 綜合來講(jiang)，公(gong)司(si)(si)(si)(si)(si)(si)(si)不(bu)斷加大電(dian)(dian)(dian)(dian)(dian)(dian)力交易(yi)(yi)(yi)數(shu)字(zi)化(hua)技術研發(fa)(fa)及(ji)應用，在(zai)(zai)功率預測(ce)、電(dian)(dian)(dian)(dian)(dian)(dian)力供需和電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)預測(ce)等方面(mian)對(dui)(dui)標業(ye)內(nei)先進水平(ping)(ping)，已(yi)建立起涵蓋“預測(ce)、策(ce)(ce)略、交易(yi)(yi)(yi)、營銷(xiao)、風(feng)控”五位一體的(de)(de)(de)(de)(de)(de)交易(yi)(yi)(yi)體系，過去三年(nian)有(you)效(xiao)(xiao)應對(dui)(dui)了電(dian)(dian)(dian)(dian)(dian)(dian)價(jia)(jia)(jia)波動(dong)帶來的(de)(de)(de)(de)(de)(de)挑戰，從(cong)公(gong)司(si)(si)(si)(si)(si)(si)(si)目(mu)(mu)(mu)前(qian)資(zi)(zi)產(chan)結(jie)(jie)(jie)構(gou)及(ji)未來布局規劃角(jiao)度來看(kan)(kan)，電(dian)(dian)(dian)(dian)(dian)(dian)力市場化(hua)對(dui)(dui)公(gong)司(si)(si)(si)(si)(si)(si)(si)的(de)(de)(de)(de)(de)(de)邊(bian)際(ji)影(ying)響已(yi)處于底部(bu)(bu)。 

(記者 蔡鼎)

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