Xinhua News Agency, May 15, Guotai Junan Research Daily said that the China Power Union predicts that the maximum electricity load of the whole society in 2025 will be 340 million kilowatts higher than that in 2022. Considering the rhythm factors of thermal power production, from the perspective of power load balance, it is expected that the power supply and demand situation in the peak season of power consumption in China will remain tight during the 14th five-year Plan period. The future policy is expected to promote the growth of thermal power installation and ensure peak power supply by means of capacity electricity price, while the thermal power business model is expected to be reshaped in the new electricity price mechanism, and the profit center of coal-fired power units will be stable to a reasonable level (ROE volatility will be greatly reduced).