Jiangsu, Guangdong and other regions increase industrial electricity prices by up to 50%

Industrial electricity prices increase

The Executive Meeting of the State Council (hereinafter referred to as the “National Standing Committee”) held on October 8 emphasized that the fluctuation range of market transaction electricity prices should be adjusted from no more than 10% and 15%, respectively, to no more than 20% in principle, and classification adjustments should be made. , For high-energy-consuming industries, prices can be formed by market transactions and are not subject to a 20% rise.

In order to implement the work deployment of the National Standing Committee, on October 12, the National Development and Reform Commission issued the “Notice on Further Deepening the Market-oriented Reform of Coal-fired Power Generation On-grid Tariffs” to clarify four important reforms: First, the orderly liberalization of all coal-fired power generation electricity On-grid electricity prices; the second is to expand the range of fluctuations in market transaction electricity prices, and expand it to “in principle, the fluctuations do not exceed 20%”, and the market transaction prices of high energy-consuming enterprises are not subject to the 20% rise; the third is to promote industrial and commercial users to enter the market; The fourth is to maintain stable electricity prices for residents, agriculture, and public welfare undertakings.

The new regulations have been implemented since October 15th, a new round of electricity price reform has begun, and China’s electricity market reform has taken another important step.

According to incomplete statistics from the official accounts of the power trading centers in various regions, three days after the start of the electricity price reform, many places have organized their first transactions after deepening the market-oriented reform of coal power on-grid tariffs. Among them, the transaction price of Jiangsu and other provinces has risen by nearly 20%. However, Yunnan, Guangxi and other provinces have risen by up to 50%.

The increase in industrial electricity prices and the rise of electricity prices in high-energy-consuming industries are not restricted. On the one hand, it will increase the cost of chemical companies to a certain extent, prompting companies to pass on the pressure by increasing prices;

On the other hand, high-energy-consuming chemical companies will also reduce cost pressures through autonomous “orderly use of electricity”, changing from passive power outages to active power outages, which will also have a continuous impact on the operating rate of enterprises.

With the increasing of industrial eletricity prices, the pressure for power plant will be much relased, and it forsure will encourage more power plant to produce the electricity. In this way, the energy shortage situation will gradually stabilize.