The Latest Trends Of The Energy Price Reform In China
With economic growth slowing, energy supply and demand has moved up from lack of relative surplus, increase efficiency becoming the development goals of energy development and transformation of energy development objectives through energy reform, providing a more market-oriented environment for energy companies.
Market-oriented energy pricing reforms successfully is conditional, primarily energy price reform on the socio-economic impact and degree of acceptance by the public, the public may not care too much about pay, more worried about the level of charges. Therefore, the timing should be easing energy supply and demand, energy prices are low, and can expect energy prices will remain stable for some time to come.
China's primary energy demand from 2011 significant reduction by 2014 2.2% 2015 further down to 0.7% in the first half. Due to the significant growth in energy demand before 2011, energy rapid expansion of production capacity, has contributed to the current energy industries have substantial excess capacity.
Energy price aspects, coal China main energy, its price from May 2012 began fell, ring Bohai power coal price index 5500 kcal integrated average price from each tons 787 Yuan continued declined to July 2015 of each tons 417 Yuan; international oil price in past a years within from 100 dollars quickly fell, recently for 40 dollars around; and oil phase linkage, international gas price also significantly fell, East gas price fell has near 50%. Conditions of the current reform of the energy sector in accordance with a good time, this opportunity not to be missed.