Whether the decline of coal price will reduce the domestic electricity price

Coal prices continued to fall. A number of media reported that "the price of electricity was lowered as early as October this year."

It has been reported that since the summer of the peak season, the country’s daily power generation has reached record highs, but the coal market still has no signs of recovery. Since last September, domestic coal prices have dropped for 10 consecutive months. The price of coal has fallen, and the price of electricity is also falling. It has become a hot topic in the industry. For several days, the market has been rumored that "the price of electricity will be lowered in October this year."

Coal prices have fallen by 300 yuan per ton since last year. The Bohai Bohai Thermal Coal Price Index on July 31 showed that the comprehensive average price of 5500 kcal thermal coal was quoted at 570 yuan per ton, down 63 yuan per ton from 633 yuan at the beginning of the year, a decrease of nearly 10 percent.

On December 25 last year, the State Council promulgated the "Guiding Opinions on Deepening the Reform of Coal-fired Power Markets." It stipulated that when the fluctuation of coal prices exceeds 5%, the annual on-grid tariffs will be adjusted accordingly. Today's coal prices have fallen by nearly 10% from the beginning of the year, far exceeding the coal-fired price linkage policy ceiling of 5%.

The decline in coal prices means that profits of power generation companies have risen. The declining coal prices and sluggish economic growth have led some people to call for coal-electricity linkage as soon as possible and cut the price of electricity in order to stimulate industrial electricity consumption and promote economic development.

Earlier, sources said that due to the huge decline in coal prices, the National Development and Reform Commission has already made initial plans to adjust the price during the year: In the absence of a rebound in coal prices, the price of electricity will be lowered as early as October of this year. However, some media said today that the NDRC has yet to adjust its electricity prices and what the outside world has said. So, should the price of electricity be adjusted? Will it be adjusted? If you want to adjust, how should you adjust it? Han Xiaoping, chief commentator of the Voice of Economy, China Energy Network, commented on this.

Since February of this year, coal prices in Shanxi, a major coal province in China, have been falling. In the first five months, more than one-tenth of the companies stopped production. Although coal companies have had a hard time, thermal power companies have benefited from this. Many companies reported more than expected half-year results. Just now, the duty editor explained that the coal price is now close to 10% compared with the beginning of the year, which is far beyond the upper limit of 5% in coal price linkage policy. According to current changes in coal prices, Han Xiaoping believes that there is room for substantial reductions in current electricity prices.

Han Xiaoping: 5% is the upper limit, not the lower limit. Since the fourth quarter of 2011, coal prices have started to decline, so price adjustment is imperative.

The latest news from the media today is that at present, the National Development and Reform Commission does not have any actions or plans to adjust the price of electricity. Can you think that the time for lowering the price of electricity is not ripe yet? Han Xiaoping predicted that the price of electricity will be adjusted in October.

Han Xiaoping: There is no time to mature. At that time, the National Development and Reform Commission has stated that the tariff adjustment is adjusted once a year. This document was issued in October last year. Many people speculate that the tariff adjustment will take place in October.

Although people in the industry believe that the continuous decline in coal prices, the price of electricity should be changed, because the immobility does not meet the laws of the market and does not meet the people's livelihood, but if the price of electricity is lowered, high-pollution, high-energy-consuming enterprises may be once again intensively put into production. As a result, environmental pollution is aggravated. From this perspective, if the price of electricity is lowered, how can we reduce the impact on the environment?

Han Xiaoping: First of all, the price of electricity should definitely be reduced. What is the use of the money that is cut down now? The price of residents is the same, but factories and enterprises need to adjust, and the proper reduction of factory enterprises will help improve the competitiveness of the products. However, once the prices are adjusted downwards too much and the high-energy-consuming companies are all started, the air will soon be unable to renew their competitiveness. Can withstand. To improve air quality and to save energy and reduce emissions, prices cannot be significantly reduced. If the current coal consumption of power generation is converted, the downward adjustment may be more than 1 centimeter, but it is absolutely impossible to give such high cost to these high energy-consuming enterprises, but it is necessary to take part of the money for the subsidies for clean energy. In the space where the price of coal and electricity is lowered, a clean development mechanism will be established to use such a mechanism to make up for clean electricity and allow these coal-fired electricity to bear the associated costs.

Coal prices continued to drop, while electricity prices remained unchanged. Although many people called for a reduction in electricity prices, electricity experts said that “the price of electricity has not been adjusted in time due to high coal prices for many years, and electricity companies have long been in a policy-related loss. It is expected to be completed within 5 to 10 years." Han Xiaoping believes that this statement is a matter of conscience

Han Xiaoping: In the past, there was no coal-fired linkage, and coal-fired power was often linked. This is irresponsible. In any case, state-owned enterprises are not interest groups and they must consider the interests of the entire country and the people. For these companies, let the cost reflect a more real, real price.

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