Market-based transactions accelerate, focusing on high-quality power companies市场化交易加速,关注优质电力企业
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British coal reduction and clean use of the characteristics of the climate change bill + carbon budget, taxes on climate change, emissions trading system in Germany and clean utilization of coal quantity-reducing characteristics, eliminate backward production capacity, the upgrading of energy efficiency, energy transformation and clean utilization of coal quantity-reducing characteristics of the United States Clean Air Act (regulation) to convert carbon dioxide into the pollutants, shale gas cleaning, power planThe experience of the four countries is compared with that of Britain and Germany, whose coal reduction measures are strengthened to make them able to cope with climate change;The United States pays more attention to clean use of coal through market means, and strict air quality standards restrain the growth of coal.Japan is still relying on coal to support its economy in the short term because of energy security concerns, delaying coal reductionTotal amount control model for China's coal consumption, to establish and enforce its strict air quality standard -- removing coal subsidies, competitive - the use of the international energy market, improve the energy change of the domestic energy structure, technology progress, improve the efficiency of energy utilization and realize clean use of coal consumption to power generation and metallurgical industry concentration, more efficient use of coal, energy supply security concerns, on the premise of meet the safety standards and environmental assessment exploitation of coal, on the premise of meet the emission standard clean use of coal
国家发改委、国家能源局近日联合出台了《关于积极推进电力市场化交易进一步完善交易机制的通知》,通知对加快推进电力市场化交易进行了明确要求。短期来看,市场交易规模将会进一步扩大,2018年占全社会用电量比例有望提升至40%以上,但整体销售电价面临下调压力。水电、核电、风电等具有成本优势的新能源发电企业进入市场后,其消纳情况有望得到改善,火电设备利用小时数将承压。长期来看,通过“基准电价+浮动机制”的定价模式将有望建立起有效的电价传导机制,电力企业盈利能力将趋于稳定,加快回归公用事业属性。市场化交易规模的扩大还将促使发电企业主动去争取更多用户,机组优胜劣汰或将加速,行业集中度有望提升,可关注高效环保机组占比高、区域优势显著、售电等业务发展良好的优质电力企业,相关标的有华能国际、华电国际、皖能电力、粤电力A、长江电力、中国核电等。-
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