At present，local government project income special bonds in energy field are still in the early stage of development，and its issuance is a little bit lower. In 2021，the issuance period of energy project income special bonds is mainly medium and long term，the aggregate type of energy special bonds is in the majority. Among the fund raising projects，gas storage facilities and transformer substation have a large investment demand and long investment time，electrical projects account for a large proportion，and the energy projects belonging to new infrastructure have emerged gradually. From the credit characteristics of the project，the electrical or gas pipe network projects are franchise，with stable cash flow and good profitability，the LNG peak station projects have the nature of public welfare，and its investment can be balanced by its own income and government subsidies. In the future，benefiting from the relaxed environment created by policies and the demand for construction funds，the issuance of special energy bonds is expected to continue to grow，and local governments can make full use of the advantage of special bonds as project capital to strengthen the leverage effect on investment.