Zhongxin Finance, February 24. On the 24th, the National Development and Reform Commission issued a notice to further improve the coal market price formation mechanism.
The "Notice" pointed out that coal is an important product related to the national economy and people's livelihood. For a period of time in the future, my country's energy consumption still needs to be based on the basic national conditions of coal.
To further improve the coal market price formation mechanism, it is necessary to give full play to the decisive role of the market in allocating resources, but also to better play the role of the government. On the basis of insisting that coal prices are formed by the market, put forward a reasonable range of coal prices, improve the control mechanism, and strengthen range control. , guide coal prices to operate within a reasonable range, and promote the effective transmission of coal and electricity prices through market-based methods.
The "Notice" clarifies three key policy measures: First, guide coal prices to operate within a reasonable range.
Judging from the market operation for many years, the medium and long-term transaction price of Qinhuangdao Port’s off-water coal (5,500 kcal) is relatively reasonable at 570-770 yuan per ton (tax included), and the upstream and downstream can achieve better coordinated development.
Considering factors such as reasonable circulation costs, production costs, etc., the reasonable range of medium and long-term transaction prices in the mining process in key coal-transferring areas (Shanxi, Shaanxi, and Mongolian provinces) has been clarified accordingly.
The National Development and Reform Commission and relevant parties have taken comprehensive measures to guide coal prices to operate within a reasonable range.
The second is to improve the coal and electricity price transmission mechanism.
Guide coal and electricity prices are mainly formed through medium and long-term transactions. When the medium and long-term coal transaction prices are within a reasonable range, coal-fired power generation enterprises can fully transmit changes in fuel costs through market-oriented methods under the current mechanism, and encourage medium and long-term electricity transaction contracts. In order to effectively realize the transmission of coal and electricity prices, the terms of linking the on-grid electricity price with the medium and long-term transaction price of coal should be reasonably set.
The third is to improve the coal price control mechanism.
First, improve the ability to adjust supply and demand.
Ensure reasonable and sufficient coal production capacity, improve the medium and long-term coal contract system, further enhance the government's dispatchable coal storage capacity, and improve the reserve adjustment mechanism.
Second, strengthen the management of market expectations.
Improve the cost investigation and price monitoring system, standardize the compilation and release of coal price index.
When the coal price exceeds the reasonable range, the means and measures stipulated by the "Price Law" and other laws and regulations shall be fully used to guide the coal price to return.
Third, strengthen market supervision.
It is strictly forbidden to improperly intervene in the prices of coal and electricity operating within a reasonable range, strengthen the supervision of the performance of medium and long-term contracts for coal and electricity, strengthen the joint supervision and anti-monopoly supervision of the futures and spot markets, and promptly investigate and deal with price violations.
Further perfecting the coal market price formation mechanism is an important mechanism innovation to achieve better integration between an efficient market and the government, and to strengthen market price regulation. It is conducive to stabilizing market expectations, curbing malicious speculation by speculative capital, and preventing large fluctuations in coal prices; it is conducive to rationalizing The relationship between coal and electricity prices promotes the coordinated and high-quality development of upstream and downstream industries; it is conducive to giving full play to the role of coal as a basic energy source, and better guarantees the safe and stable supply of energy; it is conducive to stabilizing the energy cost of downstream enterprises and maintaining stable economic operation.
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