每經AI快(kuai)訊，國泰(tai)君安研報認為，地方政(zheng)府對電(dian)(dian)(dian)價(jia)的核心訴求在(zai)(zai)于降(jiang)低本(ben)地工(gong)商業(ye)用電(dian)(dian)(dian)成本(ben)以(yi)保證競爭(zheng)優(you)勢(shi)。當(dang)前(qian)新投產的平價(jia)新能源(yuan)項目電(dian)(dian)(dian)量(liang)電(dian)(dian)(dian)價(jia)相比(bi)當(dang)地火電(dian)(dian)(dian)電(dian)(dian)(dian)量(liang)電(dian)(dian)(dian)價(jia)已具(ju)備明顯價(jia)格優(you)勢(shi)，在(zai)(zai)新能源(yuan)新增的系統運行(xing)成本(ben)未向下(xia)游用戶進行(xing)充分傳導(dao)前(qian)，通過能源(yuan)結構調整（如提升新能源(yuan)電(dian)(dian)(dian)量(liang)比(bi)例(li)滿足(zu)增量(liang)用電(dian)(dian)(dian)需求以(yi)及代替火電(dian)(dian)(dian)電(dian)(dian)(dian)量(liang)）亦可實現下(xia)游工(gong)商業(ye)綜合電(dian)(dian)(dian)費下(xia)降(jiang)。我們預計在(zai)(zai)2024年(nian)全(quan)國電(dian)(dian)(dian)量(liang)電(dian)(dian)(dian)力供需形勢(shi)仍相對偏(pian)緊、燃料價(jia)格降(jiang)幅逐步趨緩(huan)的背景下(xia)，2025年(nian)煤(mei)電(dian)(dian)(dian)長(chang)協電(dian)(dian)(dian)價(jia)下(xia)行(xing)風險(xian)相對有(you)限(xian)。