AI能耗价格信号：美国远期批发电价上涨 供需紧平衡，PJM地区的远期批发电价逐年上涨 装机退役平衡，ERCOT地区的远期批发电价表现较为稳定图：PJM远期电价美元/MWh图：ERCOT远期电价美元/MWh7065605550454035656055504540352024202520262027202820242025202620272028资料来源：Bloomberg, HTI资料来源：Bloomberg, HTIFor full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equities.htisec.com15
