The National Development and Reform Commission lowers non-residential natural gas prices to further enhance market-oriented reforms
Release Time:
2015-11-20 18:45
Source:
China National Radio Beijing, November 19 (Reporter Wang Siyuan) According to Economic Voice, the National Development and Reform Commission issued a notice yesterday (18th): it was decided that from November 20, the maximum gate station price for non-residential natural gas will be reduced by 700 yuan per cubic kilometer. This measure will greatly reduce the cost burden of power generation, heating, and commercial gas use for downstream industries. At the same time, the NDRC stated that it will further increase the market-oriented degree of natural gas prices.
The gate station price of natural gas, simply put, is the price at which natural gas suppliers sell to downstream buyers. The core content of this reform is, first, to reduce the gate station price for non-residential gas use, and second, to increase the market-oriented degree of the price. The reduced gate station price will be managed as the benchmark gate station price: supply and demand parties can negotiate prices, with no floor for price reductions and a ceiling of no more than 20% for price increases. Considering that energy prices are generally low in the international market now and domestic supply is generally ample, the price increase policy will not be implemented within one year.
Energy expert and Vice Chairman of the China Energy Research Society Zhou Dadi believes this price adjustment will have a significant impact on the market:
Zhou Dadi: The price adjustment this time is large, about one-third of the original price, which greatly affects both supply and demand sides. For example, many boilers need to "replace coal with gas," and the cost changes significantly. After this price adjustment, the main pressure is on producers and suppliers. The natural gas usage market needs to expand; this is beneficial for consumption growth, but investment in supply projects is a pressure.
Deputy Researcher Jing Chunmei of the China Economic Exchange Center said: Currently, the economic downward pressure is significant, and reducing the gate station price for non-residential gas use will ease the burden on downstream gas-using enterprises. She calculated the following:
Jing Chunmei: Now the state directly prices (natural gas) at 60 billion (cubic meters). Calculated at 0.7 yuan, it can directly reduce the burden by 43 billion. There is also a portion (of gas) priced by the market. If the driving effect of government direct pricing on market pricing is considered, the total burden reduction for downstream enterprises can reach 100 billion, which is very beneficial for downstream power generation, heating, vehicle natural gas, glass, ceramics, and other natural gas industries.
Previously, the "Several Opinions of the CPC Central Committee and the State Council on Promoting Price Mechanism Reform" clearly pointed out that by 2017, prices in competitive fields and links would be basically liberalized; by 2020, full liberalization would be achieved, with resources allocated by the market.
On July 1 this year, the NDRC promoted the construction of the Shanghai Petroleum and Natural Gas Trading Center, clearly requiring non-residential gas to accelerate entry into this trading platform, achieving fully open and transparent price trading within three years.
Researcher Jiang Runyu of the Economic Research Institute of the National Development and Reform Commission said:
Jiang Runyu: A reasonable price system and price comparison relationship are the basis for price liberalization. Otherwise, once prices are liberalized, fluctuations will be very large, causing huge shocks to the industrial chain and downstream market. Therefore, this time we must grasp the intensity, promote mechanism reform, establish benchmark prices, and adopt different prices for different downstream users.
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