China Electricity Regulatory Commission Releases "Regulations on Trans-provincial Energy Trading and Generation Rights Transaction Supervision in the First Half of 2012"

In the first half of the year, a total of 315.242 billion kilowatt-hours of inter-provincial electricity trading was completed across the country, an increase of 7.53% year-on-year, and 8.06 billion kilowatt-hours of transnational (transboundary) transactions were completed. Basically, northeastern and Inner Mongolia coal and wind power were sent to North China, and central China hydropower was sent to the south. , East China, northwest coal power transmission to Central China, North China, Huazhong Hydropower and Northwest, North China thermal power mutual economic transactions pattern. A total of 18 provinces, municipalities, and municipalities across the country launched power generation rights trading. The transaction volume was 35.7 billion kWh, which was basically the same as last year, equivalent to saving 2.63 million tons of standard coal, reducing 6.84 million tons of carbon dioxide, and reducing 68,000 tons of sulfur dioxide.

Recently, the China Electricity Regulatory Commission formally released the “Report on Regulating the Trans-provincial Energy Transaction and Generation Rights Transaction in China in the First Half of 2012”. This is the first time that the SERC has issued a special supervision report on trans-provincial power trading and power generation rights trading.

"Report" shows that the first half of this year, the country has completed a total of 315.242 billion kwh of inter-provincial power trading, an increase of 7.53%, of which cross-regional transaction power completed 139.222 billion kwh, an increase of 15.18%, inter-provincial transaction power to complete 1760.16 Billion kWh, a year-on-year increase of 2.14%. Cross-border (national) transactions totaled 8.006 billion kwh. Cross-regional energy trading generally conforms to the flow of primary resources and energy, basically forming northeast and Inner Mongolia coal and wind power to North China, Central China to South and East China, Northwest coal to Central and North China, Central China hydropower and North-west and North China. Trading pattern.

Key cross-regional channel transactions present four characteristics. First, the growth in trading power is faster, with the increase of 93.85% in central China and 37.52% in the northwest. The inter-network transactions between the State Grid and South China Network have been institutionalized, and cross-network support transactions have increased. Second, the completion rate of the transaction plan is better. Except for 97.95% completed in North China to China, all others are planning to complete transmission. Third, the average load rate varies. The Lingbao DC average load rate is 90%, ranking first. The southeastern Shanxi-Jingmen UHV AC average load rate was 35.1%. Fourth, the cross-regional channel trend is highly correlated with seasonal and hydrological changes.

In the first half of this year, a total of 18 provinces across the country launched a power generation right transaction, completing a total of 35.7 billion kWh of electricity, which is basically the same as last year, equivalent to saving 2.63 million tons of standard coal, reducing carbon dioxide emissions by 6.84 million tons, and reducing sulfur dioxide emissions by 68,000 tons. . Among them, Shanghai, Zhejiang, Anhui, Fujian, Jiangxi, Chongqing, Liaoning, Jilin, Shaanxi and other 9 provinces have positive growth in electricity transactions. Jiangsu completed the most, reaching 11.96 billion kwh, followed by Zhejiang and Fujian, completing 4.535 billion kwh and 2.707 billion kwh respectively.

The "Report" pointed out that there are still five problems in the inter-provincial region's electricity trading and power generation rights trading, that is, the formation of inter-provincial power trading plans is not conducive to the optimal allocation of resources; related price policies of energy trading to some extent hinder the reasonable flow of power resources In some areas, due to factors such as the delivery channel, the consumption of clean energy is constrained; in some provinces, the generation rights trading is not carried out sufficiently, and the problem of inversion of large and small unit utilization hours still exists; there are problems such as untimely and insufficient information disclosure in the organization and implementation of transactions. .

The “Report” requires that power grid companies further improve the rationality, fairness, and scientificness of the development of inter-provincial and regional power trading plans; Northeast, North China, and Northwest China should further guarantee the acquisition of clean energy such as wind power; Hunan, Ningxia, Heilongjiang, Shanxi and other regions should further promote the power generation rights trading; related power companies must earnestly perform their power transmission information disclosure and disclosure obligations. The SERC also recommended that the State Council’s pricing authority, in conjunction with the power regulatory agency, step up efforts to formulate pricing policies for transmission and distribution in various provinces and cities, and improve the transmission pricing mechanism across provinces.