Event description:
The National Energy Administration officially issued the guiding opinions on energy work in 2022 (hereinafter referred to as the opinions).
Event comments:
We will enhance our ability to ensure supply and steadily promote structural transformation. According to the opinions, in 2022, China’s total energy production should reach about 4.41 billion tons of standard coal (210 million tons higher than the target of 2021), ensure sufficient power supply, with an installed capacity of about 2.6 billion kw (year-on-year + 9.4%) and a power generation capacity of about 9.07 trillion kwh (year-on-year + 11.8%); In terms of energy structure, the proportion of non fossil energy in total energy consumption has increased to about 17.3%, the replacement power of new electric energy is about 180 billion kWh (20 billion kwh lower than the target in 2021), and the proportion of wind and solar power generation in the power consumption of the whole society is about 12.2% (1.2pct higher than the target in 2021). According to the actual proportion of 11.8% in 2021, we assume that the proportion of wind and solar power generation in the power consumption of the whole society by the end of 2022 is 12.2% – 13%, It is estimated that the new installed capacity of wind power photovoltaic will reach 83-130gw this year. The Opinions also proposed to strengthen the construction of large scenic base, promote the construction of sea wind base and the development of distributed wind power photovoltaic, improve the renewable energy power consumption and green power certificate system, and issue the weight of consumption responsibility of each province in 2022.
Make overall plans to improve quality and efficiency and promote the construction of transmission channels and energy storage. In terms of energy utilization efficiency, the opinions did not put forward clear data indicators as in previous years, and proposed that the energy consumption intensity target should be considered as a whole during the 14th Five Year Plan period. The average utilization hours of cross regional transmission channels are within a reasonable range, and the utilization rate of wind and solar power generation is at a reasonable level, leaving a certain flexibility for the implementation of the policy; It is also proposed to promote the construction of inter provincial and inter regional transmission channels and their supporting power grid and power supply projects, carry out pumped storage, coal power flexibility transformation and photothermal power generation projects, support the diversified development of user side energy storage and improve the regulation capacity of power system.
Improve the electricity price mechanism and deepen the reform of power marketization. The opinions proposes to improve the time of use price and peak valley price, and guide power users to participate in virtual power plants, peak shifting and valley filling, and demand response; Promote the construction of a unified national power market system, improve the market system of organic connection between medium and long-term trading, spot trading and auxiliary service trading, promote the pilot of qualified power spot to long-term operation, and actively promote the trading between distributed generation and users nearby (power sales through partition walls).
Compared with previous years, China has made detailed suggestions on total investment and market efficiency, and made certain suggestions on energy construction in 2022. The following suggestions and concerns include the following: followingthe following of the following following: followingthe following following following the following: followingthe following of the following: Trina Solar Co.Ltd(688599) , Ja Solar Technology Co.Ltd(002459) , Ginlong Technologies Co.Ltd(300763) .
Risk tips: new energy can absorb risks; Risk of policy changes at home and abroad; Industrial chain price fluctuation risk.
