The "electricity shortage", "oil shortage", "gas shortage" and other market changes have made it impossible to reform the price mechanism of resource products.
A few days ago, China Energy Research Association released the “China Energy Development Report 2011†and suggested that the “12th Five-Year Plan†period should focus on perfecting the energy pricing mechanism, and at the same time accelerate the marketization of energy and give full play to the market mechanism.
The report predicts that during the 12th Five-Year Plan period, the country’s total energy consumption will increase by 800 million to 1 billion tons of standard coal, and the total energy consumption in 2015 will reach 4.1 to 4.2 billion tons of standard coal.
Zhou Dadi, executive vice chairman of the China Energy Research Association and deputy director of the National Energy Experts Committee, said: “If we measure GDP growth in various regions and project planning investment, the total energy consumption in 2015 may reach 5 billion tons of standard coal. Existing energy prices The system cannot suppress unreasonable energy consumption, and it is not conducive to the adjustment of economic structure and the transformation of development methods."
At present, domestic prices for energy products such as electricity, oil and natural gas are all set by the government, and the price of electric coal is also largely interfered by the government. The energy price system cannot reflect the scarcity of resources, environmental costs, and the relationship between market supply and demand, causing many distortions, and even leading to a disconnect between supply and demand.
Feng Fei, Minister of Industry of the Development Research Center of the State Council, believes: “The reform of the price formation mechanism is the key to reform in the energy sector. At the same time as the price reform, the energy system reform should be adjusted simultaneously. Competition should be introduced in the energy monopoly to increase efficiency and promote innovation; The government, the energy market, and the company’s relationship should be withdrawn from the government.â€
Cracking the coal power crisis requires a reform of the coal-power contradiction for many years, and behind it is a non-smooth energy economic system.
The China Energy Research Association recommends that before the establishment of an effectively competitive electricity market, coal price linkages be implemented so that the electricity price level can reflect resource scarcity and market changes. At the same time, we must accelerate the reform of the power system in order to liberalize the user's right to choose and establish a bilateral trading market for power generation companies and end users.
Coal-fired linkage policy began at the end of 2004. At that time, the state stipulated that for a period of coal price linkage of not less than six months, if the average coal price in the cycle exceeds 5% in the previous cycle, the on-grid tariff will be adjusted accordingly.
After the coal-fired coalition was executed five times, the policy stopped halfway. Zhou Dadi believes that "the state should improve the coal-fired power market supervision, and improve coal-electricity linkage policy and firmly implement it."
The specific measures are: continue to moderately increase some of the contradictions between coal and electricity, highlight the on-grid tariffs of provinces, make up for coal-fired linkage spreads, and appropriately reduce the existing coal-power linkages in which power companies digest the 30% increase in coal prices; decentralize coal power management rights Provinces determine the linkage of electricity prices according to local conditions.
According to the preliminary calculation of the China Energy Research Association, it is still necessary to increase the on-grid tariff by an average of 1.22 points per kilowatt-hour (KWh) in order to achieve a break-even of the thermal power generation business.
Yu Yanshan, deputy secretary-general of the China Energy Research Association, said: "In the long run, to resolve the contradiction between coal and electricity, we must take measures in terms of system, policy, and management, and carry out market-oriented reforms in all aspects of coal and electricity transportation."
He suggested that coal prices should be abolished by the "dual track system" and rationalize the price difference between key contracts and non-key contract coal. “At present, the key contract coal accounts for only about 38% of all coal consumption, with cancellation conditions.†Yu Yanshan said.
Based on the above, we will establish a nationwide and regional coal trading market. The first is the spot market, where physical coal transactions are conducted in a centralized manner, so that the quotation and demand for production and demand are closely linked, the capacity is closely linked, the information is open and transparent, and the market is standardized and orderly; the second is the futures market, which links up with the global coal market and helps market participants predict Supply and demand situation and price trend, to achieve hedging.
In circulation and trading, China National Energy Research Association proposed to abolish the approval system for railway transport capacity, cancel the planned electricity distribution mechanism, and expand the direct purchase of electricity by large users. Power generation companies and users negotiate electricity, electricity, and electricity prices on their own, and grid companies receive corresponding transmission links. Net fee and responsible for security scheduling.
The government should withdraw from oil and gas price control China's oil and gas prices have always been subject to state policies, because the price mechanism is not smooth, and "oil shortage" and "gas shortage" are frequent. Reforming the oil and gas price formation mechanism and promoting market-oriented reforms are the fundamental outlets for the stability of the oil and gas market.
In the report, China Energy Research Association summarized the three major defects of the current refined oil pricing mechanism. First, to amplify market expectations and aggravate speculation, leading to market supply and demand adjustments. Second, price adjustments have lags in their ability to respond to market supply-demand relations and lead to falling prices, making prices rise and fall asymmetric. Third, due to The link between refined oil and international crude oil prices is vulnerable to the impact of international oil prices and threatens national economic security.
The report pointed out that accelerating the reform of the refined oil pricing mechanism fundamentally changes the pricing model of the refined oil government and regulates supply and demand by the price resulting from competition. The transition from national pricing to corporate pricing under state monitoring will eventually lead to the marketization of refined oil products.
As a transitional plan, China Energy Research Association recommends that the country further improve the current price mechanism of refined oil products, such as shortening the time for price adjustment and reducing the rate of change in crude oil in the three places so as to increase the sensitivity of prices to market supply and demand.
As a long-term goal, China should accelerate the construction of crude oil futures market.
In the field of natural gas, domestic natural gas prices are mainly set by the government. At present, domestic gas prices are lower than the international level, and are lower than the coal and oil prices with equivalent calorific value. Natural gas import upside down affects the import enthusiasm of enterprises and affects the price negotiation in the international trade of natural gas.
The China Energy Research Association recommends that China should establish a flexible price control system and consider the rate of return on investment, social affordability, and economic and social growth. Adjust the current natural gas price level to form a reasonable compensation principle; establish a price mechanism, form an upstream and downstream price linkage mechanism to adapt to the current market situation; change the current pricing method, and implement seasonal price difference and peak-to-valley period pricing.
A few days ago, China Energy Research Association released the “China Energy Development Report 2011†and suggested that the “12th Five-Year Plan†period should focus on perfecting the energy pricing mechanism, and at the same time accelerate the marketization of energy and give full play to the market mechanism.
The report predicts that during the 12th Five-Year Plan period, the country’s total energy consumption will increase by 800 million to 1 billion tons of standard coal, and the total energy consumption in 2015 will reach 4.1 to 4.2 billion tons of standard coal.
Zhou Dadi, executive vice chairman of the China Energy Research Association and deputy director of the National Energy Experts Committee, said: “If we measure GDP growth in various regions and project planning investment, the total energy consumption in 2015 may reach 5 billion tons of standard coal. Existing energy prices The system cannot suppress unreasonable energy consumption, and it is not conducive to the adjustment of economic structure and the transformation of development methods."
At present, domestic prices for energy products such as electricity, oil and natural gas are all set by the government, and the price of electric coal is also largely interfered by the government. The energy price system cannot reflect the scarcity of resources, environmental costs, and the relationship between market supply and demand, causing many distortions, and even leading to a disconnect between supply and demand.
Feng Fei, Minister of Industry of the Development Research Center of the State Council, believes: “The reform of the price formation mechanism is the key to reform in the energy sector. At the same time as the price reform, the energy system reform should be adjusted simultaneously. Competition should be introduced in the energy monopoly to increase efficiency and promote innovation; The government, the energy market, and the company’s relationship should be withdrawn from the government.â€
Cracking the coal power crisis requires a reform of the coal-power contradiction for many years, and behind it is a non-smooth energy economic system.
The China Energy Research Association recommends that before the establishment of an effectively competitive electricity market, coal price linkages be implemented so that the electricity price level can reflect resource scarcity and market changes. At the same time, we must accelerate the reform of the power system in order to liberalize the user's right to choose and establish a bilateral trading market for power generation companies and end users.
Coal-fired linkage policy began at the end of 2004. At that time, the state stipulated that for a period of coal price linkage of not less than six months, if the average coal price in the cycle exceeds 5% in the previous cycle, the on-grid tariff will be adjusted accordingly.
After the coal-fired coalition was executed five times, the policy stopped halfway. Zhou Dadi believes that "the state should improve the coal-fired power market supervision, and improve coal-electricity linkage policy and firmly implement it."
The specific measures are: continue to moderately increase some of the contradictions between coal and electricity, highlight the on-grid tariffs of provinces, make up for coal-fired linkage spreads, and appropriately reduce the existing coal-power linkages in which power companies digest the 30% increase in coal prices; decentralize coal power management rights Provinces determine the linkage of electricity prices according to local conditions.
According to the preliminary calculation of the China Energy Research Association, it is still necessary to increase the on-grid tariff by an average of 1.22 points per kilowatt-hour (KWh) in order to achieve a break-even of the thermal power generation business.
Yu Yanshan, deputy secretary-general of the China Energy Research Association, said: "In the long run, to resolve the contradiction between coal and electricity, we must take measures in terms of system, policy, and management, and carry out market-oriented reforms in all aspects of coal and electricity transportation."
He suggested that coal prices should be abolished by the "dual track system" and rationalize the price difference between key contracts and non-key contract coal. “At present, the key contract coal accounts for only about 38% of all coal consumption, with cancellation conditions.†Yu Yanshan said.
Based on the above, we will establish a nationwide and regional coal trading market. The first is the spot market, where physical coal transactions are conducted in a centralized manner, so that the quotation and demand for production and demand are closely linked, the capacity is closely linked, the information is open and transparent, and the market is standardized and orderly; the second is the futures market, which links up with the global coal market and helps market participants predict Supply and demand situation and price trend, to achieve hedging.
In circulation and trading, China National Energy Research Association proposed to abolish the approval system for railway transport capacity, cancel the planned electricity distribution mechanism, and expand the direct purchase of electricity by large users. Power generation companies and users negotiate electricity, electricity, and electricity prices on their own, and grid companies receive corresponding transmission links. Net fee and responsible for security scheduling.
The government should withdraw from oil and gas price control China's oil and gas prices have always been subject to state policies, because the price mechanism is not smooth, and "oil shortage" and "gas shortage" are frequent. Reforming the oil and gas price formation mechanism and promoting market-oriented reforms are the fundamental outlets for the stability of the oil and gas market.
In the report, China Energy Research Association summarized the three major defects of the current refined oil pricing mechanism. First, to amplify market expectations and aggravate speculation, leading to market supply and demand adjustments. Second, price adjustments have lags in their ability to respond to market supply-demand relations and lead to falling prices, making prices rise and fall asymmetric. Third, due to The link between refined oil and international crude oil prices is vulnerable to the impact of international oil prices and threatens national economic security.
The report pointed out that accelerating the reform of the refined oil pricing mechanism fundamentally changes the pricing model of the refined oil government and regulates supply and demand by the price resulting from competition. The transition from national pricing to corporate pricing under state monitoring will eventually lead to the marketization of refined oil products.
As a transitional plan, China Energy Research Association recommends that the country further improve the current price mechanism of refined oil products, such as shortening the time for price adjustment and reducing the rate of change in crude oil in the three places so as to increase the sensitivity of prices to market supply and demand.
As a long-term goal, China should accelerate the construction of crude oil futures market.
In the field of natural gas, domestic natural gas prices are mainly set by the government. At present, domestic gas prices are lower than the international level, and are lower than the coal and oil prices with equivalent calorific value. Natural gas import upside down affects the import enthusiasm of enterprises and affects the price negotiation in the international trade of natural gas.
The China Energy Research Association recommends that China should establish a flexible price control system and consider the rate of return on investment, social affordability, and economic and social growth. Adjust the current natural gas price level to form a reasonable compensation principle; establish a price mechanism, form an upstream and downstream price linkage mechanism to adapt to the current market situation; change the current pricing method, and implement seasonal price difference and peak-to-valley period pricing.
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