More than a year later, a new round of tariff adjustment program floor.
November 19 at 3 pm, the National Development and Reform Commission announced that, since the 20th of the month from the date of adjustment, the national non-civilian electricity prices an average of 2.8 cents per unit, not changed residential electricity prices. This price increase by more than the previous all expectations.
The adjusted sales price is the price, that is provided by power supply bureau of electricity to the user, rather than power generation enterprises to provide electricity access to the Internet price.
The "online price" is in accordance with the profitability of regional power plants, "ups and downs": Shaanxi, Gansu provinces and municipalities in 10 coal-fired units appropriately raise the benchmark electricity price, while in Zhejiang, Shanghai and Jiangsu provinces of 7 district, municipal coal-fired units would be an appropriate benchmark for the Internet price down.
It is noteworthy that promote reforms in the electricity price adjustment can be embodied in the program. National Development and Reform Commission urged all localities to study ladder tariff reform program, residential electricity tariff tranches, the basic power to maintain low power consumption, higher electricity prices higher.
Development and Reform Commission, said Cao Changqing Prices Division, intends to residential electricity consumption is divided into third gear: to ensure that basic needs of electricity, a normal family life and luxury of electricity-based electricity, which ensure the basic needs of life will draw 87-degree power , the standard residential power consumption in the current national average. This newspaper has learned, with the provinces and autonomous regions of regional electricity consumption within the population studied and reported to the initial program, "ladder program is expected to price the final published within six months." A person familiar with the situation told the newspaper the power system.
Shenyin [3.98 0.51%] Securities Research Institute, Li Hui-yong, chief macroeconomic analyst at an interview said that the adjustment of the main non-commercial price for the consumer price (CPI) will have an indirect influence, but for industrial products producer prices (PPI) will have a direct impact. And in accordance with the law before the show, PPI will normally be 6-9 months after the CPI produces stimulating role.
More noteworthy is that this price adjustment is the recent energy price adjustment of products and public services is another "green lights" - refined oil prices are 11 months to 5 times upward, three times lower after a record high around the water frequently to adjust the hearing and natural gas price increases because of the recent large-scale "gas stop" and is ready to fly - in August this year, the State Development and Reform Commission published "Recent progress in the reform of energy resources prices" is step by step landing.
Institute of Fiscal Science, deputy director of the Ministry of Finance Liu Shangxi believe that this aspect is added historical debts, partly because the high prices of energy resources that it is time to adjust the window - the beginning of endogenous growth economy is the real inflationary pressures temporarily无.
After looking at 2.8 cents
"The most important is to rationalize the tariff adjustment of electricity price increases last year, but have not adjusted sales price problems, reversing a loss of power grid enterprises the situation." China's Energy Network HAN Xiao-ping, chief information officer, said in an interview.
August 20 last year, the state will the National thermal power electricity price increase of 2 cents per kilowatt-hour, but because inflationary pressures were greater power to adjust the sales price is not synchronized. 2 cents from the power grid directly bear the cost, according to industry experts predict that the domestic thermal power generation of about 2.8 trillion a year degrees, which is about 56 billion yuan to increase the burden of power.
Data provided by Development and Reform Commission show that from January to August this year, the State Grid and China Southern Power Grid Company a loss of 16.1 billion yuan, down 23.8 billion profit. International Liaison Department of the State Grid Corporation of stakeholders also told the newspaper, in the first 9 months, a loss of 16.05 billion yuan the national grid, owned 30 local companies have a loss of 25 companies.
"If we do not ease the price, it might affect the grid ordinary course of business; the other hand, the price signal distortion is not conducive to guide demand for electricity, the promotion of legitimate users to save electricity." Development and Reform Commission pointed out that the relevant responsible person. HAN Xiao-ping said that even affect debt-servicing capacity.
The price adjustment, power grid enterprises finally relieved. The National Grid who said: "This year's remaining 40 days, the national grid has been unable to losses, but the next year will be able to return to normal level of profitability, profit margins probably around 4%."
In addition, with the increase in thermal power desulphurization unit and popularity of the original funds are now gaps desulfurization increases, affecting power generation enterprises in their bid price desulfurization in place. To this end, the National Development and Reform Commission at this price adjustment increase of desulfurization increases in the extraction of funds.
The power system told this newspaper: "The second part of the sales price increases is to increase the desulfurization increases 1.5 cents. Prior to this part of the costs on behalf of advances by grid enterprises."
Who have pointed out that the National Development and Reform Commission, China's tariff policy, the need to further improve the desulfurization, 2007,2008, a total of more than 200 million kilowatts of coal-fired units to install desulphurization facilities, leading to growing demand for desulfurization increases funding needs by raising the to divert electricity. "This is part of the desulfurization cost of about 60 million, due to subsidies only in the desulfurization of thermal power units, to enjoy a higher desulfurization price, so-to-end share price would not be selling such a high 1.5 cents." The National Grid sources told the newspaper.
The third section is used to increase subsidies for renewable energy in order to increase support for renewable energy efforts. But the Development and Reform Commission in this adjustment programs did not reveal the subsidies for renewable energy in this price adjustment in the proportion.
It is learned that, due to wind power [0.93 -1.06%], solar power and other renewable energy sources the rapid development of the current price charged by renewable energy tariff to use additional funds inadequate, need to be adjusted an additional criterion of renewable energy tariff .
According to statistics, since the end of 2005 to the end of 2008, the National Renewable Energy power generation installed capacity increased by 8.68 million kilowatts, an increase of 703%, of which wind power installed capacity increased by 695 percent, and continued to show rapid growth momentum. National Grid told the newspaper "Light wind power a year, probably needs about 10 billion on subsidies."
Lin Boqiang participated in the discussion of tariff adjustments, he noted, "This price adjustment is measured through tightly Overall, the adjustment is not high."
Inflation expectations of the new "Fuze"?
For the price is inflationary expectations, experts hold a more optimistic attitude.
CITIC Securities [30.40 0.96%] Zhu Jian-fang, chief macroeconomic analyst, said the recent inflation in general, or will remain moderate and inflation is expected to strengthen the transfer price is not obvious.
According to National Bureau of Statistics recently released data, in October consumer price (CPI) fell 0.5% decline the previous month reduced by 0.3 percentage points, a decline of 0.1%. PPI (PPI) fell 5.8% decline the previous month reduced by 1.2 percentage points. LI Hui-yong pointed out that the CPI will rise 0.1 percentage point, PPI increased by 0.4 percentage points.
CITIC Securities had predicted earlier this month in November CPI will be from negative to positive, Zhu Jian-fang pointed out that the tariff mentioned is to enhance the confidence of this forecast, compared to under the influence of climatic factors such as the diesel price increase, " the impact of tariff adjustments on the CPI would be more sustainable. " He said. The increase is mainly due to industrial electricity prices, PPI rise will be even greater intensity.
Bank of Communications [9.21 -0.43%] Research senior macroeconomic analyst at Tang Jianwei pointed out that the price increase was implemented in stages, and gradually increase. Will normally be lower prices, the economy can withstand the time increases, if modest circumstances will not lead to price increases. He cited as an example of crude oil, nearly half the price of crude oil has been steadily upward, but the community the basic feel.
LI Hui-yong pointed out that the price hikes will improve the profits of an enterprise grid, and can leverage through price adjustment of electricity consumption, and urge enterprises to economize on electricity.
However, in the main body of the real economy, corporate level, for the analysis was carefully maintained. Wuxi, Jiangsu Federation Zhu Chao-huang, chairman of Thermo Electron does not think so. Wuxi Federation Thermal Power Corporation is located in coastal areas just Zhu Chao-huang, told reporters that if the electricity price reduction in coastal areas, and their business situation will be even more difficult. "Now the pressure is greatest."
He pointed out that coal prices rose, in fact, for large state-owned thermal power companies have little impact, because they have the country's financial subsidies, but for small and medium power companies, it is a huge burden. The company, if required by the Government planned power generation capacity can be sold in accordance with more than fifty cents Power Supply Bureau, but other super-completion of the generating capacity can only be sold in accordance with more than San Mao. "Production bigger, the heavier the pressure." Zhu Chao-Ting said.
At the same time, Chu Chao-huang also worried that, in addition to the factors of rising coal prices and increasingly tight coal supply may become the company faces another problem. A large number of coal because of the recent corporate restructuring and mergers and the closure of small mines, reducing coal output, coupled with the Government wants to maintain high coal prices, currently on the market is to reduce the supply of coal, the Wuxi plant Federation need to Anhui, Shandong and Qinhuangdao three local purchase of coal.
Grid snigger, power plants flat
Zhangze Power [6.00 0.67%] is the representative of Shanxi pit thermal power. The CLP Group's listed investment company since 2008, has been at a loss situation. A loss of 900 million last year, 60 million to the third quarter of this year, still a loss of 94.91 million.
"In the past few years, coal prices go several times, but our electricity price rose only a few minutes." Zhangze Power Deputy General Manager of Shanxi Province, Wang Yi-feng told reporters, "We's major power generation companies Zhangze Power Plant, As the Internet tariff itself is even lower price than the benchmark in Shanxi Province, believe that this adjustment will be higher than average losses of enterprises is a major contributing factor. "
For several major domestic Electric Power Group, because power plants are a nationwide distribution, the distribution of its power plants will determine whether the tariff reform from the real benefit.
"For more than power plants in eastern certainly do not support, for less positive support." An industry directly seen that the minds of power enterprises.
Journalists access to information, in the domestic large-scale power groups, SDIC Electric Power [10.98 1.67%] There are more than 50% of thermal power units are located in Gansu, Yunnan and other places, this would be more greatly benefit from the tariff adjustment. The GD Power [7.65 0.13%] In Ningxia, Shanxi and other places a larger proportion of installed capacity, will also benefit from the adjustment.
For larger power plants in the eastern coastal areas Huaneng Power, the coastal thermal power electricity price for a downward adjustment is not one of their good news.
Huaneng Power International [8.53, 1.79%] 3 Quarterly Bulletin revealed that Huaneng Power International in the third quarter net profit of 4.1 billion, an increase of 195% in several major power groups in the strongest performance of the recovery. "For the price adjustment on the impact of the company's future performance, we are still unable to assess." Huaneng Power International, told reporters on behalf of securities matters.
"We are most worried about is that this price rise prices of coal enterprises will offer the best excuse." In a telephone interview when a group of executives the power to adjust the results for the performance of the current tariff was not optimistic, "On the surface, this price adjustment would benefit the majority of power enterprises, but in view of the current status of the industry chain of coal industry chain enterprises Qiazhuo top end power out of the profits of enterprises will be more likely to be coal Enterprise eat. "
The executives explained that the reason why this year, the profitability of the eastern region to restore power faster, in addition to electricity consumption since the second quarter of this year and gradually increase, mainly due to relative to the western region, water and sea freight coal prices drop by a big margin. "With the economy gradually pick up, the recent rapid increases in coal prices has been, Qinhuangdao coal has been shipped to Shanghai in September rose more than 80 yuan, at present the eastern part of the pressure power plant has already begun."
Most allow the power companies are worried that the restructuring of the coal industry in Shanxi Province vigorously past six months, the market concentration has been greatly improved, so the coal companies on the market than in the past will have a greater voice and control.
"Shanxi Coal production capacity after the adjustment of industrial structure will be released in November after having, essentially, can be expected in the future of coal production and coal transportation contracts need to coordinate the negotiation process, the eastern coastal areas of the bargaining power for coal power plants is likely to be further reduced. "Jing Xue, director of CEC, said statistical information.
In fact, the main beneficiaries of the tariff adjustment is not a power enterprises, but the grid.
Last year in August, the state will the National thermal power electricity price increase of 2 cents per kilowatt-hour, while the network business sales price has not been simultaneously adjusted, which leads to sharp increase in the cost of purchasing electricity grid. Power grid to provide the data show that from January to August this year, the State Grid and China Southern Power Grid's total losses reached 16.1 billion yuan.
So far this year, the two power companies have repeatedly written to the State Development and Reform Commission requesting an increase of electricity prices. This time increase the price of electricity by non-residents, most of which is the power grid will be used to compensate for the loss.
Statistics show that in 2008, the State Grid Corporation of 2.1235 trillion kwh in electricity sales, China Southern Power Grid Company of 482.6 billion kwh in electricity sales. Industry is estimated that after the price increase, the two power companies in 2010 is expected to increase, therefore about 50 billion yuan.
Tariff reform, "the easier issues first,"
"Advancing reform is an important feature of this price adjustment, in particular proposals will introduce people step program of tariff." Pointed out that the power system.
Prior to that, just the completion of the request process "on Accelerating the Reform of Electricity Price Opinion" (hereinafter "Opinion") will step electricity sales price as an important component of the reform, specific programs are: the residents of each electricity month is divided into third gear. The first file for basic household electricity consumption, electricity prices remain basically stable; more than the basic living demand total score, sub-file to implement price increases.
Price adjustment in this notice, the State Development and Reform Commission also stressed that all kinds of urban and rural areas will speed up the use of electricity with the price of electricity with the price of the pace of business and in accordance with the principle of fair burden sharing, appropriate adjustments to the difference between the voltage levels. "These are short-term electricity price reform program to promote the content more easily." Xiamen University, China's energy director of the Center for Economic Research said Lin Boqiang.
"This will help to gradually solve the power problem of cross-subsidization." HAN Xiao-ping said. Prior to that, just the completion of the process to seek the "opinion" that the sales price on the cross-subsidization of a serious, we will gradually reduce the sales price in the cross-subsidies, and gradually adjust the difference between the various types of electricity, parity between the existing types of cross-subsidization between users of price transparency, changed out from the dark fill fill, combined with structural adjustment to gradually reduce the sales price.
To reduce cross-subsidies are seen as promoting the reform of electricity, one of the fundamental issues to be resolved. Previously, Lu, general manager of CLP to vote continents in an interview when he said: "Tariff Reform, one of the most fundamental problem is to restore the price of true colors, which is reflected in the cost and supply and demand relationship, which requires to reduce or even abolition of tariffs between different types of cross-subsidies. If you do not solve the cross-subsidies of this issue, large customers direct purchase of electricity and power generation companies and customers to deal directly difficult to implement such reforms are in place. "
In addition, the National Development and Reform Commission and the Electricity Regulatory Commission tariff reform for the Internet a series of explorations. "The price rise or fall on the Internet a reasonable adjustment will be conducive to further improve the benchmark electricity price."
Under the reform program, the new unit after the implementation of the pre-commissioning to develop a unified benchmark price has changed in the past according to the approved project cost pricing practices and the implementation of coal price linkage mechanism, so that coal price to reflect changes in a timely manner will be the basis of the energy market the timely transmission of price changes to the electricity consumers. (Xu Wei Xuan)