The new round of power system reform is quietly brewing. It has been reported that the two main points of the new plan include the promotion of direct purchase of electricity and the gradual formation of a market-based electricity pricing mechanism. With regard to the reform of grid companies, the income of grid companies will be verified by the state and will no longer assume the role of buying and selling electricity. Relevant experts believe that with the advancement of the electric power system reform, the electricity price transmission mechanism will tend to be smooth, which will help improve the valuation of the industry, and the hydropower company will benefit significantly from the new round of reforms.
"Since there are many shortcomings in China's electricity market mechanism, power reform will sooner or later. From the current point of view, the external conditions for power reform have become the best," said Zhou Yanchang, an analyst at Dongfang Securities Power. As China's economic growth slows, CPI and PPI are operating at a low level, which greatly reduces the negative impact on inflation after the power reform. At present, power supply is also relatively loose. In addition, with the economic slowdown, the decline in coal demand led to a sharp decline in coal prices, thermal power industry's profitability level is close to the historical high, the industry's profitability will greatly reduce the power tariff reforms after the upward range and possibility.
Since the beginning of this year, the government has issued a series of policies to pave the way for the reform. The "Opinions on the Key Work of Deepening Economic System Reform in 2013," which was promulgated in May, clearly states that "advanced tariff reforms will simplify the classification of sales tariffs, expand the scope of application of the same price for industrial and commercial electricity use, improve the coal price linkage mechanism, and use hydropower and nuclear power to access the Internet. "Price formation mechanism" and "promote large-scale user direct electricity purchase and electricity sale side power system reform pilot". The document was regarded as the historical starting point for China's relaunching of a new round of overall design work for the power system reform. In June, the NDRC adjusted and standardized the sales price classification structure, merging the original 8 major sales tariffs into 3 categories. In the same month, the NDRC was When deploying the nationwide power work in summer 2013, it was clearly stated that “proactively promote the market-oriented reform of electric coal and the pilot system for power system reform at the power sales sideâ€.
"The reform of the direct purchasing of large consumers proposed in the new plan mentioned here is a good means to break the grid monopoly, open up the user's right to choose, and promote the marketization of electricity." Zhou Yanchang said that the power system reform has been progressing steadily. Slowly, it is mainly due to the lack of incentives on the power generation side, the opaque transmission and distribution prices, and the impediment to the implementation of power grids, and there are disguised preferential power prices. Among them, the opaque transmission and distribution prices, power grid obstruction is the most important reason for impeding direct purchase of electricity, so it can not be completed in one or two years. As for the grid companies no longer buying and selling electricity, the income of the grid companies will be verified by the state, and all of their revenues come from the government's approved net fee. Currently, the difficulty of implementation may be a bit large.
“The new round of power reform will benefit the hydropower companies significantly.†Zhou Yanchang believes that the macro background of the implementation of the power reform is the re-pricing of resource products. Hydropower as a resource product has better environmental protection than coal-fired thermal power. , peaking performance, and in the same power as the network, the hydropower price gap is very large, China's current hydropower pricing level is far from reflecting the value of its products, hydropower electricity prices are still a large room for improvement, while the hydropower price increase will bring some profit It is possible to make up for historical debts. Hydropower as a public utility industry under strong control, it is difficult to measure its excess return space in the future electricity price reform, but part of the hydropower at an unreasonable profit level will at least return to a reasonable trend.
Oriented Particle Board(OSB)
Oriented Particle Board(OSB),Oriented Strand Board (OSB),Oriented Strand Board Vs Particle Board,OSB Particle Board
Linyi Fengzhize Trading Co., Ltd. , https://www.fengzhize.com