CITIC Securities: The East Wind is Coming, AI Reshapes a New Blue Ocean of Power Trading.

The research report from CITIC Securities Investment states that China's electricity reform is gradually entering a deep water zone. With the comprehensive rollout of the electricity spot market and the increasingly complex trading rules, the use of AI to empower electricity trading to "reduce costs, increase profits, and control risks" has become the core proposition for the development of various market operators. The excavation and application of massive high-value data is key to building this core competitive barrier. Looking at the experiences of mature markets in the United States, Europe, and Australia, whether it is dealing with node electricity price games or price fluctuations brought about by a high proportion of new energy grid connection, AI has evolved from an auxiliary tool to a survival necessity. With the smooth implementation of national policies and the steady advancement of the spot market, we believe that the increase in electricity price volatility will quickly open up the demand space for AI trading products and services in the electricity market. In a neutral valuation scenario, assuming an AI penetration rate of 75%, the incremental space for AI-empowered electricity trading market in 2030 will reach 29.52 billion yuan.