International Energy Network News: Anhui is an important power output province in East China. However, this year has not yet entered the summer, Anhui has emerged in a tense situation.
“The on-grid tariff in Anhui has always been the lowest in East China, so Anhui’s thermal power capacity is also low for the cost of production costs.â€
Sources revealed to reporters yesterday that the increase in on-grid tariffs has been extended to eastern China - the first province to be upgraded will be Anhui, which had the lowest on-grid tariff in the region before. Since April, the National Development and Reform Commission has raised the on-grid tariffs in more than a dozen central and western provinces including Shanxi and Henan.
At present, it is not yet known how much this Anhui electricity price will be raised this time, and the specific time will be raised. When the Morning Post reporter verified to the staff of the State Electricity Regulatory Commission (hereinafter referred to as the Electricity Regulatory Commission) News and Information Center, the other party said that it had not received the relevant notice or heard of the rumor of price increase in Anhui Province.
Anhui is a major province of energy in East China. It has the richest coal resources in East China and is also an important power exporter in East China. However, this year has not yet entered the summer. Anhui has already experienced a situation of power shortage. From May 9th, the provincial electric power company issued a yellow alert for orderly electricity use in the province, and it is expected that there will be 2.5 million kilowatts of electricity supply and demand gaps in Anhui this summer.
Renhao Ning, a researcher in the energy industry of China Investment Advisors, believes that current inflationary pressures are large. Increasing electricity prices in large areas will intensify price increases and affect the stability of economic operation. Therefore, in the short term, the terminal electricity price increase is a small probability event to avoid industrial production and residential use. Electricity brings a cost burden. This also means that the increase in the profit margin of the power companies will be borne by the grid companies.
However, Ren Haoning predicts that if the growth rate of energy supply does not match the economic development and the contradiction between supply and demand, the terminal retail electricity price increase may be an inevitable trend in the future market development.
In November of last year, the thermal power consumption supervision agency issued a report at the beginning of the year stating that since 2010, as the price of thermal coal has continued to rise sharply, losses in some coal-fired enterprises in the East China region have intensified, asset-liability ratios are generally high, and capital turnover is difficult. The lack of coal is always at the risk of coal shutdowns.
According to the report of the China Electricity Regulatory Commission, from January to November 2010, "the profit of power generation per unit of statistical power plants in Anhui Province was -16.95 yuan/chm, which was a drop of 250% from the same period of last year. There were 23 thermal power plants in six power generation groups in Anhui, and the loss was It's 96%.†This means Anhui thermal power has already entered the dilemma of losing money in the entire industry. The more power generated, the more serious the loss will be.
The high price of coal is the main reason for the loss of local thermal power companies. In the first 10 months of 2010, the price of standard coal in Anhui's power generation enterprises was as high as 935 yuan/ton, an increase of 17%, ranking first in the East China region. The relevant data for the first four months of this year have not yet been publicly released. However, the benchmark Bohai steam coal price shows that since the beginning of spring, the price has risen for nine consecutive weeks, and rose by nearly 10% from March 16 to May 18.
In the context of thermal power losses, the power situation in Anhui Province has been tense. According to the data provided by the Anhui Electric Power Company, in 2011, Anhui plans to add fewer generator sets, and the power supply and demand situation is severe. The total installed capacity of the entire province is 20.22 million kilowatts, deducting wind power, self-provided and heating units, Some thermal power generating units and hydropower generating units cannot generate full capacity, and the pre-summer plan for overhaul of 4.5 million kilowatts of fossil-fired power units will be overhauled. In addition to the unscheduled maintenance of two 300,000 kilowatt units, the actual adjustable power generation capacity in Anhui Province is only about 14.5 million kilowatts. .
“Because Anhui thermal power companies have not had a good day, the willingness of the five power generation companies to build new coal-fired power units in Anhui is also very low. In order to increase the installed capacity, there is no way they can, and they will vote.†A senior electrician Analysts to the Morning Post reporter, "If the five major groups completely consider business issues, they will not invest in the region."
This makes Anhui, a major coal province in eastern China, now actually buying power from other provinces in East China. On May 8, the Anhui Electric Power Company also purchased 300,000 kilowatts of electricity from Fujian to make up for the power shortage at the late peak of Anhui.
"Upgrading" was opposed by the local government. According to a person familiar with the matter, when the National Development and Reform Commission raised the on-grid tariff in Shanxi and other places in April, the relevant authorities had proposed to increase the on-grid tariff in Anhui at the same time. However, due to the opposition of the Anhui local government, they were shelved. .
“Now we still have five major power generation groups that are doing thermal power. They are central state-owned enterprises, and the tax is mainly given to the central government.†According to the person familiar with the matter, “The loss of the central SOEs has little effect on the local government’s fiscal revenue.â€
Most of the local electricity companies in Anhui are not state-owned enterprises, and tax revenue will mainly benefit the local area. Since the on-grid tariffs have been raised, according to the usual practice, the interval may be longer or shorter, and the terminal electricity prices will increase accordingly to maintain the profit margin of the grid. Therefore, the cost of the upward adjustment will be transferred to local power companies sooner or later, which will burden production. This is something the local government does not want to see. The above-mentioned insiders are analyzed.
The upward adjustment of the on-grid price was dragged on and on again, and even in Anhui Province in May, power shortages began to appear. The local government started an orderly power plan to ensure safe and reliable power supply to high-risk customers, important users and residents.
This is obviously a dilemma.
Industrial Securities said in its latest report that the continuation of electricity shortage will seriously restrict industrial production. As far as the country is concerned, in April, under the normal economic growth “troika†(investment, consumption, and exports), the year-on-year growth rate of industrial added value was lower than expected, indicating that the impact of power cuts has already responded; As people's livelihood and heavy industry projects are given preferential protection for electricity use, it is expected that the manufacturers who have been hit hard by power cuts will be living material producers. As a result, inflationary expectations will appear repeatedly, and the price rebound will be under pressure.
Plan to keep up with changes The reason why Anhui's thermal power companies suffer the most serious losses in the entire East China region is not only the issue of coal prices, but also historic reasons.
“The on-grid tariff in Anhui has always been the lowest in East China, so Anhui's thermal power capacity is also low for the cost of production costs.†An electric power supervisor told the Morning Post reporter.
As to why Anhui's thermal power on-grid tariffs are low, a senior power practitioner explained that “the benchmark prices for the power grids around the country are based on the 5,500-hour cost basis of the company’s power generation. Anhui has always been the largest province of energy in East China, and its coal reserves Large, many of the power plants there are pit-mouth power plants, which can save a lot of freight, so the cost of accounting down is relatively low."
The above-mentioned person frankly stated, “But I did not expect that the environment has changed now. There have been local coal companies that are reluctant to sell coal to local power plants. They decided to sell the coal outside because the coal prices in other provinces are high. Coal is market-oriented. With the market, the neighboring Zhejiang and Jiangsu provinces have high on-grid tariffs and relatively high affordability. They are willing to pay higher prices for Anhui coal."
According to industry insiders, when a thermal power plant was originally designed, it basically determined what kind of coal it used, and where the coal source was. Whether it is waterway transportation, railway transportation, or pit power plant, these are basically determined. And when the power plant does a feasibility study, it will sign an agreement with the coal companies and the railways. “Only these things will be done before they can be approved.â€
“For example, the unit that was dispatched by Jidongdong, when it was planning, what the coal was like and how much coal it was, basically wanted to be good. But in fact, the actual operation and the design of the year are biased. The above person said.
A person familiar with the matter said, “Now Anhui is basically three large-scale coal companies, very cattle. Anhui is inconvenient in transportation and has limited transport capacity. Thermal power companies can only use local coal in coal use, and there is little choice. Although power generation companies suffer With shoddy goods, loss of credit card tonnage and failure to perform key coal and electricity contracts in accordance with the contract, we can only endure that the lawsuit has no way, because if the relationship with the coal companies is stumbling out, the days will be even worse."
Since the situation has changed, it is quite reasonable to appropriately increase the price of thermal power on-line benchmarking in Anhui.
In fact, at the beginning of this year, the East China Electricity Regulatory Bureau issued a research report entitled “The operational losses of thermal power companies should be highly valued†and called for paying close attention to the problems existing between coal and electricity under the new situation.
The report pointed out that "Some coal companies are driven by profits, adopting measures such as reducing the use of key contract coals, reducing coal quality, and reducing losses by losses, etc. In a disguised way to increase the price of thermal coal, compared with 2002, the thermal value of thermal coal in Anhui Province has decreased. 1290 Kcal/kg... In the first three quarters of 2010, Datang Anhui Branch had lost as much as 70 million yuan in losses due to loss of card losses. This loss cannot be settled to the coal supplier, otherwise it will affect the coal supply.â€
A person familiar with the matter pointed out that “while the major local coal companies are state-owned enterprises, they are mainly local state-owned enterprises. The five major power generation groups are central enterprises.â€
“The on-grid tariff in Anhui has always been the lowest in East China, so Anhui’s thermal power capacity is also low for the cost of production costs.â€
Sources revealed to reporters yesterday that the increase in on-grid tariffs has been extended to eastern China - the first province to be upgraded will be Anhui, which had the lowest on-grid tariff in the region before. Since April, the National Development and Reform Commission has raised the on-grid tariffs in more than a dozen central and western provinces including Shanxi and Henan.
At present, it is not yet known how much this Anhui electricity price will be raised this time, and the specific time will be raised. When the Morning Post reporter verified to the staff of the State Electricity Regulatory Commission (hereinafter referred to as the Electricity Regulatory Commission) News and Information Center, the other party said that it had not received the relevant notice or heard of the rumor of price increase in Anhui Province.
Anhui is a major province of energy in East China. It has the richest coal resources in East China and is also an important power exporter in East China. However, this year has not yet entered the summer. Anhui has already experienced a situation of power shortage. From May 9th, the provincial electric power company issued a yellow alert for orderly electricity use in the province, and it is expected that there will be 2.5 million kilowatts of electricity supply and demand gaps in Anhui this summer.
Renhao Ning, a researcher in the energy industry of China Investment Advisors, believes that current inflationary pressures are large. Increasing electricity prices in large areas will intensify price increases and affect the stability of economic operation. Therefore, in the short term, the terminal electricity price increase is a small probability event to avoid industrial production and residential use. Electricity brings a cost burden. This also means that the increase in the profit margin of the power companies will be borne by the grid companies.
However, Ren Haoning predicts that if the growth rate of energy supply does not match the economic development and the contradiction between supply and demand, the terminal retail electricity price increase may be an inevitable trend in the future market development.
In November of last year, the thermal power consumption supervision agency issued a report at the beginning of the year stating that since 2010, as the price of thermal coal has continued to rise sharply, losses in some coal-fired enterprises in the East China region have intensified, asset-liability ratios are generally high, and capital turnover is difficult. The lack of coal is always at the risk of coal shutdowns.
According to the report of the China Electricity Regulatory Commission, from January to November 2010, "the profit of power generation per unit of statistical power plants in Anhui Province was -16.95 yuan/chm, which was a drop of 250% from the same period of last year. There were 23 thermal power plants in six power generation groups in Anhui, and the loss was It's 96%.†This means Anhui thermal power has already entered the dilemma of losing money in the entire industry. The more power generated, the more serious the loss will be.
The high price of coal is the main reason for the loss of local thermal power companies. In the first 10 months of 2010, the price of standard coal in Anhui's power generation enterprises was as high as 935 yuan/ton, an increase of 17%, ranking first in the East China region. The relevant data for the first four months of this year have not yet been publicly released. However, the benchmark Bohai steam coal price shows that since the beginning of spring, the price has risen for nine consecutive weeks, and rose by nearly 10% from March 16 to May 18.
In the context of thermal power losses, the power situation in Anhui Province has been tense. According to the data provided by the Anhui Electric Power Company, in 2011, Anhui plans to add fewer generator sets, and the power supply and demand situation is severe. The total installed capacity of the entire province is 20.22 million kilowatts, deducting wind power, self-provided and heating units, Some thermal power generating units and hydropower generating units cannot generate full capacity, and the pre-summer plan for overhaul of 4.5 million kilowatts of fossil-fired power units will be overhauled. In addition to the unscheduled maintenance of two 300,000 kilowatt units, the actual adjustable power generation capacity in Anhui Province is only about 14.5 million kilowatts. .
“Because Anhui thermal power companies have not had a good day, the willingness of the five power generation companies to build new coal-fired power units in Anhui is also very low. In order to increase the installed capacity, there is no way they can, and they will vote.†A senior electrician Analysts to the Morning Post reporter, "If the five major groups completely consider business issues, they will not invest in the region."
This makes Anhui, a major coal province in eastern China, now actually buying power from other provinces in East China. On May 8, the Anhui Electric Power Company also purchased 300,000 kilowatts of electricity from Fujian to make up for the power shortage at the late peak of Anhui.
"Upgrading" was opposed by the local government. According to a person familiar with the matter, when the National Development and Reform Commission raised the on-grid tariff in Shanxi and other places in April, the relevant authorities had proposed to increase the on-grid tariff in Anhui at the same time. However, due to the opposition of the Anhui local government, they were shelved. .
“Now we still have five major power generation groups that are doing thermal power. They are central state-owned enterprises, and the tax is mainly given to the central government.†According to the person familiar with the matter, “The loss of the central SOEs has little effect on the local government’s fiscal revenue.â€
Most of the local electricity companies in Anhui are not state-owned enterprises, and tax revenue will mainly benefit the local area. Since the on-grid tariffs have been raised, according to the usual practice, the interval may be longer or shorter, and the terminal electricity prices will increase accordingly to maintain the profit margin of the grid. Therefore, the cost of the upward adjustment will be transferred to local power companies sooner or later, which will burden production. This is something the local government does not want to see. The above-mentioned insiders are analyzed.
The upward adjustment of the on-grid price was dragged on and on again, and even in Anhui Province in May, power shortages began to appear. The local government started an orderly power plan to ensure safe and reliable power supply to high-risk customers, important users and residents.
This is obviously a dilemma.
Industrial Securities said in its latest report that the continuation of electricity shortage will seriously restrict industrial production. As far as the country is concerned, in April, under the normal economic growth “troika†(investment, consumption, and exports), the year-on-year growth rate of industrial added value was lower than expected, indicating that the impact of power cuts has already responded; As people's livelihood and heavy industry projects are given preferential protection for electricity use, it is expected that the manufacturers who have been hit hard by power cuts will be living material producers. As a result, inflationary expectations will appear repeatedly, and the price rebound will be under pressure.
Plan to keep up with changes The reason why Anhui's thermal power companies suffer the most serious losses in the entire East China region is not only the issue of coal prices, but also historic reasons.
“The on-grid tariff in Anhui has always been the lowest in East China, so Anhui's thermal power capacity is also low for the cost of production costs.†An electric power supervisor told the Morning Post reporter.
As to why Anhui's thermal power on-grid tariffs are low, a senior power practitioner explained that “the benchmark prices for the power grids around the country are based on the 5,500-hour cost basis of the company’s power generation. Anhui has always been the largest province of energy in East China, and its coal reserves Large, many of the power plants there are pit-mouth power plants, which can save a lot of freight, so the cost of accounting down is relatively low."
The above-mentioned person frankly stated, “But I did not expect that the environment has changed now. There have been local coal companies that are reluctant to sell coal to local power plants. They decided to sell the coal outside because the coal prices in other provinces are high. Coal is market-oriented. With the market, the neighboring Zhejiang and Jiangsu provinces have high on-grid tariffs and relatively high affordability. They are willing to pay higher prices for Anhui coal."
According to industry insiders, when a thermal power plant was originally designed, it basically determined what kind of coal it used, and where the coal source was. Whether it is waterway transportation, railway transportation, or pit power plant, these are basically determined. And when the power plant does a feasibility study, it will sign an agreement with the coal companies and the railways. “Only these things will be done before they can be approved.â€
“For example, the unit that was dispatched by Jidongdong, when it was planning, what the coal was like and how much coal it was, basically wanted to be good. But in fact, the actual operation and the design of the year are biased. The above person said.
A person familiar with the matter said, “Now Anhui is basically three large-scale coal companies, very cattle. Anhui is inconvenient in transportation and has limited transport capacity. Thermal power companies can only use local coal in coal use, and there is little choice. Although power generation companies suffer With shoddy goods, loss of credit card tonnage and failure to perform key coal and electricity contracts in accordance with the contract, we can only endure that the lawsuit has no way, because if the relationship with the coal companies is stumbling out, the days will be even worse."
Since the situation has changed, it is quite reasonable to appropriately increase the price of thermal power on-line benchmarking in Anhui.
In fact, at the beginning of this year, the East China Electricity Regulatory Bureau issued a research report entitled “The operational losses of thermal power companies should be highly valued†and called for paying close attention to the problems existing between coal and electricity under the new situation.
The report pointed out that "Some coal companies are driven by profits, adopting measures such as reducing the use of key contract coals, reducing coal quality, and reducing losses by losses, etc. In a disguised way to increase the price of thermal coal, compared with 2002, the thermal value of thermal coal in Anhui Province has decreased. 1290 Kcal/kg... In the first three quarters of 2010, Datang Anhui Branch had lost as much as 70 million yuan in losses due to loss of card losses. This loss cannot be settled to the coal supplier, otherwise it will affect the coal supply.â€
A person familiar with the matter pointed out that “while the major local coal companies are state-owned enterprises, they are mainly local state-owned enterprises. The five major power generation groups are central enterprises.â€
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