According to the CITIC Securities Research Report, in a scenario with a high proportion of new energy sources, ensuring the balance of the power system faces huge challenges. The installed costs of various power generators need to be reasonably recovered, and it is urgent to establish a power capacity market mechanism reflecting the value of capacity support capacity. It is expected that in the short term, the installed cost of traditional baseload power supplies will be effectively recovered, mainly using capacity compensation prices; the medium- to long-term power capacity market will be established, and more power supply entities such as new energy storage, wind power photovoltaics, and virtual power plants will be included in the market. It is recommended to focus on thermal power companies directly benefiting from the capacity market construction process, the expansion of profit models for energy storage and virtual power plants, and supporting industry chain opportunities such as intelligent metering equipment and electricity trading software.

According to the CITIC Securities Research Report, in a scenario with a high proportion of new energy sources, ensuring the balance of the power system faces huge challenges. The installed costs of various power generators need to be reasonably recovered, and it is urgent to establish a power capacity market mechanism reflecting the value of capacity support capacity. It is expected that in the short term, the installed cost of traditional baseload power supplies will be effectively recovered, mainly using capacity compensation prices; the medium- to long-term power capacity market will be established, and more power supply entities such as new energy storage, wind power photovoltaics, and virtual power plants will be included in the market. It is recommended to focus on thermal power companies directly benefiting from the capacity market construction process, the expansion of profit models for energy storage and virtual power plants, and supporting industry chain opportunities such as intelligent metering equipment and electricity trading software.