On-grid tariffs may hit grid investment next year or increase

On November 30th, the National Development and Reform Commission announced that it would increase the on-grid tariff, starting from December 1, 2011, and increasing the on-grid tariff of coal-fired power plants nationwide by an average of 2.6 cents per kilowatt-hour. Additional renewable energy tariffs will be levied on the sales price. From the current 0.4 cents per kilowatt-hour to 0.8 cents; for the installation of coal-fired power plants with normal operation of the denitrification pilot trial denitrification price policy, per kilowatt-hour increase of 0.8 cents. This is after the prices of industrial and commercial and agricultural electricity in 12 provinces were raised on April 10 this year. After increasing the scope of the increase to 15 provinces on June 1, the price of electricity will be raised for the third time this year.

The on-grid price of "double fists" attacked this increase in on-grid tariffs is not only different from the two previous regional adjustments this year, but the whole network price adjustment. What is more, it changed the previous practice of adjusting the on-grid price of a power plant only, without adjusting the price of electricity on the sales side of the power grid. Regarding why the Internet was not adopted and the sales price was raised at the same time, Zhou Chengxiong, the Center for Strategic Studies of the Chinese Academy of Sciences, said: “In the past, the impact on the CPI was mainly considered because the price of electricity was a 'basic price' and it would change. This has caused some price changes, so the state is very cautious about this, and this time we have chosen to increase both tariffs. This is also because the CPI has fallen over the past four months and inflationary pressure has eased."

It is reported that the on-grid tariff adjustment has little impact on power grid companies. Researcher Wan Xuezhi of China Investment Advisor Energy Industry Co., Ltd. believes: “The on-grid tariff is raised by 2.6 points per kilowatt-hour, industrial electricity is raised by an average of 3 cents, and residential electricity prices are For the time being, this means that the difference between the sales price and the on-grid price has been expanded, and the income of the grid companies will also be increased. For grid companies, this is a big positive and will help them Increased operating income."

“The increase in grid revenue is obvious,” said Zhu Sihai, the development center of the Fujian Provincial Government, to this reporter. “But this increase in electricity prices is mainly aimed at the contradiction between coal and electricity, easing the losses of power companies and the huge power gap this year. It is not the point.” At the same time, whether the “Double Boxing” of the National Development and Reform Commission will affect the CPI that has fallen sharply in the recent past, Zhu Sihai said that this increase is not significant, and that it will not affect the domestic CPI index at the end of the year. .

Next year, the grid investment will increase. This adjustment includes the trial of the residential electricity price ladder system. This will involve the problem of upgrading the shared electricity meter of multiple households. This will be a larger project for grid companies. For the grid companies that are currently promoting urban and rural networks, it can be said that "the old accounts are outstanding and new debts are coming again." In this regard, Li Ying, chief economist of the State Grid Energy Research Institute, believes that it is still necessary to “gradually put it in place”.

Recently, the power grid companies have been controversial. According to sources, the power grid realized operating revenue of 2.19 trillion yuan in the first 11 months of this year, and realized a total profit of 59.2 billion yuan. It was dubbed as "profiteering," and Shu Yinzheng, deputy general manager of the State Grid Corporation of China, quickly defamned. In 2009, the country also raised the price of electricity to compensate for the losses of power grid companies in 2008-2009. Zhu Sihai believes that the loss of power grid companies is mainly due to the fact that the amount of investment cannot keep up with the amount of construction, and funds cannot guarantee the investment of the power grid. At the same time, he also said that considering that the power grid companies have the nature of public services, such as the transformation of electricity in rural areas and cities is the universal service responsibility reflected by power grid companies, so its investment income is sometimes unequal, and it cannot simply be said that power companies In the earning of profits, and the contradiction of the power system turned to the grid companies.

Another source said that this year's earnings, combined with the increase in electricity prices, will mean that power grid companies will increase investment next year. Zhou Chengxiong agreed with this expectation, and he also said that investment in power grid companies next year will focus on "new and old." The main aspects are the construction of power grids and the promotion of smart grids on the one hand, and the rural power grid renovation projects on the other.