Power Reform:Power grid steps out of the trade, only charges for operation fees |
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Hits: ( 23039 ) AddTime: ( 2015-3-6 16:24:25 ) | |
With the start of the Shenzhen trial scheme, a new round of power reform begins, power reform is the base of the economic development, and also the origin of the environment protection. This power reform makes great changes on power generation, transportation and sales, it is a huge investment chance in 2015. Power price reform, distribution & power grid construction work, the “software project”, meanwhile the co-ordinated regional trade platform, all these efforts build the initial market prototype of national power , it aims at developing a group of sale companies, setting up a wholesale market for all kinds of users, thus, we can build the “hardware project” market. According to Shenzhen power transmission plan, the grid is no longer the main subject of electricity trading, but only act as a service provider, and charges for operation fees, it aims at breaking the past models which relys on low-buy & high-sell model . Government departments which based on the grid system assets, have the rights to approve cost and profit, fix the national grid revenue, and publish the independent transmission & distribution power price. Experts think that Shenzhen reform can supervise the power grid revenue and restrain them,at the same time, can introduce incentive method to improve efficiency, it means the traditional China grid enterprise regulatory has changed, and it is an important signal of power price increase, which will accumulate experience and lay foundation for next power market reform,
"Bidding access" is the biggest change which shows corporate marginal cost advantages. From the point of cost and competitive advantage, hydro power generation, as a kind of clean energy, has low cost and competitive price advantage,will benefit more from the process. 2015 national energy conference revealed that in 2015,China will "actively develop hydro power, promote the safe development of nuclear power, develop new energy such as wind power, photostatic, biomass."Therefore, hydroelectric companies are expected to have more opportunities with the support of the government. Thermal power plant has high efficiency, low energy consumption especially in Shanxi, Neimenggu where coal is cheap, these thermal power plants will benefit directly. As the leading company in Neimenggu, Neimeng Huadian, with its large capacity, high parameters and low energy consumption, develops power delivery projects, including construction of UHV power and clean energy. Once approved by ultra high voltage power grid, it can transfer power to high price service area (such as Beijing, Tianjin and Hebei province, East China, South China), thus competitive advantage emerges. Zhangze electric is the leading power generator in Shanxi province, its Shanshan Concord solar photo voltaic project is under construction which is expected to be completed in the near future, Houma thermoelectric 2x300MW unit power is put into operation on November 13, 2014, will become the new profitable project. At present, the opinions on< further deepening the reform of electric power> has approved by the State Council, the main tasks are "freedom, independence, and strength", thus give freedom to the power price, power business, power sales and power plan, set up trade platform independently and strength the planning. From this point, the five major power groups are expected to become the main electricity sales. Under this loose market, most thermal power enterprises are restricted by electric price and power plan, the utilization decrease, with the advance of the electric reform, big users can purchase directly, this will benefit the big companys which have cost advantages and area advantages to increase profit. In addition, the hydro power generation costs are pretty low, if involved in it, the power price is expected to increase. According to statistics, A-share listed companies generating asset account for 29% of the total generation capacity, along with the open of the generating and sales, generating companies will take part in the profit re-distribution, which will help boost overall industry profitability. | |
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