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Coal consumption declines into a major trend New energy share gradually increased

2018-06-08


With the comprehensive deepening of the new round of power system reform, this not only brings challenges to the power industry, but also brings new development opportunities. The decline in the proportion of coal in primary energy consumption and the decline in the proportion of coal consumption structure will be the main long-term trend. After recent years of development, the proportion of new energy in the income of energy companies has gradually increased. Take Guangzhou Development (600098, Guba)(600898) as an example, the gas group vigorously promotes the "three-year promotion plan for piped gas", encourages and supports the utilization and promotion of natural gas, the proportion of natural gas in primary energy will continue to increase, and natural gas consumption will continue to increase at a high speed under the promotion of industrial policies.

With the comprehensive deepening of the new round of power system reform, this not only brings challenges to the power industry, but also brings new development opportunities. The decline in the proportion of coal in primary energy consumption and the decline in the proportion of coal consumption structure will be the main long-term trend. After recent years of development, the proportion of new energy in the income of energy companies has gradually increased. Taking Guangzhou Development (600098, stock bar)(600898) as an example, the gas group vigorously promotes the "three-year promotion plan for pipeline gas", encourages and supports the utilization and promotion of natural gas, and the proportion of natural gas in primary energy will continue to increase. Under the promotion of industrial policies, natural gas consumption will maintain rapid growth.

The proportion of coal consumption has declined into a major trend.

According to the relevant statistics of the China Electricity Council, the electricity consumption of the whole society in 2017 6.3 trillion kWh, an increase of 6.6 percent over the same period last year. Among them, the electricity consumption of the primary industry 115.5 billion kWh, an increase of 7.3 percent over the same period last year; the electricity consumption of the secondary industry 4,441.3 billion kWh, an increase of 5.5 percent over the same period last year; the electricity consumption of the tertiary industry 881.4 billion kWh, an increase of 10.7 percent over the same period last year; and the domestic electricity consumption of urban and rural residents 869.5 billion kWh, an increase of 7.8 percent over the same period last year. The national electricity demand shows the characteristics of year-on-year increase in growth rate, continuous transformation of power and continuous optimization of consumption structure.

Guangzhou Development Group Co., Ltd. is a company with three major integrated energy industries: electric power, coal, oil and natural gas. Its products are mainly electricity, aerated concrete, coal, oil, natural gas and so on. The company is one of the three largest power companies in Guangdong Province.

In 2017, the country's new round of power system reform was comprehensively deepened, power market-oriented transactions continued to advance, power generation plans and competitive link electricity prices continued to be liberalized, cross-regional and provincial transmission and distribution prices were successively approved, cross-regional and provincial power The trading center is gradually established, the power system reform pilot basically covers the whole country, the incremental power distribution of social capital investment, the power system auxiliary equipment business is intensified, and the competition in the power sales business is fierce, and the power market structure is gradually clear. This not only brings severe challenges to the power industry, but also brings new development opportunities.

According to statistics from the National Bureau of Statistics and the China Coal Industry Association, the national coal output in 2017 was about 3.52 billion tons, an increase of 3.3 percent over the same period last year. Among them, the raw coal output of coal enterprises above designated size was 3.45 billion tons, an increase of 3.2 percent over the same period last year, and the national coal sales volume was 3.36 billion tons, an increase of 3.6 percent over the same period last year. According to the 13th five-year Plan for national energy development, the proportion of coal in primary energy consumption will drop from 64% in 2015 to less than 58% in 2020, and the decline in the proportion of coal consumption structure will be the main long-term trend.

In 2017, the country's supply-side structural reform deepened, the target of resolving excess coal capacity was overfulfilled, imported coal was strictly controlled, coal supply was under control, and prices fluctuated at high levels. The average index for the whole year of 2017 was 516 yuan/ton, up 135 yuan/ton from the average index of 381 yuan/ton in 2016, up 35.4 percent from the same period last year.

From the perspective of the income composition of Guangzhou development, the sales price of traditional coal has risen, but the sales volume has declined slightly. The overall operation of the company is relatively stable. Coal sales lead to an increase in revenue in 2017. The company's revenue rose steadily last year, with a year-on-year increase of 12.59, mainly due to the substantial increase in coal prices. In 2017, the company's market coal sales volume was 21.4327 million tons, a year-on-year decrease of 10.58. However, affected by the reduction of coal production capacity, the company's coal price increased significantly, resulting in a substantial increase in coal sales revenue by 30.26 to 11.624 billion yuan last year.

The proportion of new energy gradually increased

After recent years of development, the proportion of new energy in the income of energy companies has gradually increased. Taking Guangzhou's development as an example, the gas group vigorously promoted the "three-year promotion plan for pipeline gas", actively organized the gas source, promoted the development of industrial and commercial users and the supply of pipeline gas in urban villages, optimized the operation management, and strengthened the customer service. the sales volume of natural gas was 1.085 billion cubic meters, up 4.14 year on year, covering 92000 new users, exceeding the annual task, and signed 230000 cubic meters of daily gas for industrial and commercial and public welfare users, year-on-year growth of 40%.

Among them, the gas group opened a wide channel, the implementation of Guangdong Dapeng LNG processing rights and interests, through the direct procurement channel of imported gas sources. Actively develop value-added services such as gas insurance agents. Vigorously promote the Internet of Things intelligent gas meters, install 256000 intelligent gas meters throughout the year, expand the sales of 32000 in the South China market, prepare for the construction of intelligent gas meter production lines, and promote new intelligent manufacturing businesses. The construction of the pipeline project of Shetanmen Station-Huocun Pressure regulating Station of the fourth phase of the natural gas utilization project has officially started. The construction of medium-pressure pipelines outside the red line is 74 kilometers throughout the year. Guangzhou LNG emergency peak-shaving gas source station project actively promotes the acquisition and integration of alternative site resources.

In fact, the natural gas business has a lot of room for improvement. During the "13th Five-Year Plan" period, the state encourages and supports the promotion of natural gas utilization, the proportion of natural gas in primary energy will continue to increase, and natural gas consumption will maintain rapid growth under the promotion of industrial policies. Compared with other national central cities such as Beijing and Shanghai, there is still a big gap in the utilization level of natural gas in Guangzhou, and there is more room for improvement.

In addition to the gas business, Guangzhou Development has also increased the development of new energy projects. Guangzhou development said that the scale effect of new energy project development efforts has initially appeared. With the increase of policy support and the progress of new energy technologies such as wind power and photovoltaic power generation, the unit cost and power generation cost continue to decline, and the large-scale commercial application of new energy power generation has broad prospects.

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