Today's coal-fired electricity prices and industrial and commercial electricity prices are lowered

Abstract According to the previous decision of the State Council executive meeting, Development and Reform Commission yesterday issued "on reducing coal-fired power tariff and commercial and industrial electricity prices," from April 20, the country's coal-fired electricity price per kilowatt-hour down about two points Money (including tax, the same below). according to...
According to the decision of the State Council executive meeting, the National Development and Reform Commission issued the "Notice on Reducing the On-grid Electricity Price of Coal-fired Power Generation and the Price of Industrial and Commercial Electricity" yesterday. From April 20th, the national coal-fired power generation on-grid price will be reduced by about two cents per kWh. (including tax, the same below).

According to the contents of the NDRC, the price reduction space for coal-fired power generation on-grid tariffs will be lowered. In addition to appropriately guiding the natural gas power generation prices in some areas, as well as prominent structural contradictions such as denitrification, dust removal, and ultra-low emission environmental protection electricity prices, and promoting energy conservation and emission reduction and air pollution prevention and control, Mainly used to reduce the price of electricity for industrial and commercial use. As a result, the average price of electricity for industrial and commercial use in the country will be reduced by about 1.8 cents per kWh.

The National Development and Reform Commission announced that it will further promote the adjustment of the sales price structure. Comprehensively promote the same price of industrial and commercial electricity, Jiangxi, Guizhou and Xinjiang to implement the same price of commercial electricity and general industrial electricity. Appropriately reduce cross-subsidy between power users. Gradually eliminate the preferential price of chemical fertilizers, and use the same electricity consumption category for industrial and commercial electricity prices. The places with large preferential spreads are in two steps. From April 20, 2016, all electricity prices will be cancelled.

The Essence Securities Research Report stated that the negative impact of the tariff cut and cancellation of some preferential policies is expected to be partially transmitted to the upstream coal industry, but the overall drag on the thermal power industry is limited, and the overall profitability of thermal power is still at a historically high level.

This electricity price adjustment has a structural adjustment effect on the phase-up and upgrading of high-energy-consuming industries. According to the notice of the National Development and Reform Commission, after the price adjustment, the price authorities at all levels should continue to implement differential electricity prices, punitive electricity prices and ladder price policies for industries with high energy consumption and serious overcapacity, and promote industrial upgrading and elimination of backward production capacity.

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