電價調(diào)整有利于恢復(fù)電網(wǎng)合理利潤，智能電網(wǎng)投資將有保障。由于os年上網(wǎng)電價調(diào)整而銷售電價未調(diào)整，電網(wǎng)公司承擔(dān)了剪刀差虧損，虧損161億元，導(dǎo)致電網(wǎng)公司投資建設(shè)資金緊張，項(xiàng)目開工和招標(biāo)低于預(yù)期。我們認(rèn)為，電網(wǎng)公司利潤和現(xiàn)金流的恢復(fù)，將有利于智能電網(wǎng)、高壓輸電網(wǎng)和配電網(wǎng)建設(shè)的投資資金落實(shí)，以及電力設(shè)備廠商應(yīng)收賬款的回流。

　　國網(wǎng)于昨日正式啟動2009年第一次智能電表招標(biāo)，招標(biāo)量在294萬只。我們認(rèn)為這標(biāo)志著智能電網(wǎng)招標(biāo)工作正式啟動，智能電網(wǎng)投資進(jìn)入試點(diǎn)期。我們預(yù)計(jì)智能電網(wǎng)投資(主要指智能電表、配網(wǎng)自動化、智能化變電站、智能調(diào)度軟件及柔性輸電系統(tǒng))將在4000億左右的數(shù)量級，電網(wǎng)利潤正常化將有利于加快智能電網(wǎng)建設(shè)。

　　電價上調(diào)利好智能電網(wǎng)、輸變電、風(fēng)電、光伏等板塊。我們推薦相關(guān)受益公司：海通集團(tuán)(20.00,0.00,0.00%)、思源電氣(27.62,0.00,0.00%)、特變電工(24.92,0.00,0.00%)、國電南瑞(47.29,0.00,0.00%)、榮信股份(38.13,0.00,0.00%)、東方電氣(49.24,0.00,0.00%)、湘電股份(22.85,0.00,0.00%)、金風(fēng)科技(31.36,0.00,0.00%)、天威保變(35.00,0.00,0.00%)和金晶科技(17.14,0.00,0.00%)。