State Grid denies profiteering and squeezes electricity profits

For the power grid profits are too high, the power shortage and the power grid should make a profit. Yesterday, at the 14th China Science and Technology Fair China Energy Strategy Forum, Shu Yin, the deputy general manager of the State Grid, told the Beijing Times reporter that the State Grid has 2 trillion assets. The profit of 40 billion yuan is not high. The power shortage is mainly caused by the tension between power supply and demand. It has nothing to do with the profit of the power grid. There is no problem of profit. Recently, many parties have questioned the profits of the national power grid and squeezed the profits of power companies. At present, many thermal power companies are not actively generating power losses, and many places in the country are facing power shortages. According to the National Bureau of Statistics, in the first 11 months of 2010, the grid realized operating income of 2.19 trillion yuan, accounting for 65% of the entire power industry; the total profit reached 59.2 billion yuan, an increase of 1828%, accounting for 42% of the industry.   Yesterday, in response to various doubts, Shu Yin said that the State Grid has 2 trillion assets, but only 40 billion in profits, which is low in both domestic and domestic central enterprises. He said that there is no such thing as a huge profit in the national grid. According to the data of the State Electricity Regulatory Commission, last year, the State Grid's assets were 2.1 trillion yuan, and the profit was 45.09 billion yuan, a year-on-year increase of 348.3%. As for the power shortage, he believes that the root cause is the relationship between power supply and demand, and there is no question of whether the power grid will make a profit or not. During the power shortage period, the State Grid will increase power grid construction to increase the effective supply to alleviate the power shortage. It is worth noting that the current power shortage is partly due to the fact that the loss of thermal power companies has led to low production enthusiasm, while the power grid is still profitable. Yesterday, Shu Yinxuan said that the current on-grid tariffs of some provinces that have been raised are not adjusted because of the sales price. Therefore, the increased cost of this part will be borne by the State Grid, which will inevitably affect the company's profit. However, I believe that at the right time, the sales price will be adjusted. However, Fan Bing, deputy director of the Comprehensive Department of the Policy Research Office of the State Council, publicly stated that the rise in on-grid tariffs does not necessarily lead to upward pressure on sales electricity prices. Yesterday, the reporter's information obtained from the State Electricity Regulatory Commission showed that the difference in electricity purchase and sales of the power grid was nearly 0.2 yuan per degree. According to the information provided by the State Electricity Regulatory Commission, in 2010, the average electricity purchase price of major power grid enterprises nationwide was 383.89 yuan / thousand degrees, an increase of 0.05%; the average sales price (excluding government funds and additional) was 571.44 yuan / thousand degrees, year-on-year. The increase of 6.95% means that the difference between the purchase and sale price per thousand degrees is 187.55 yuan. What is more noteworthy is that the information provided by the State Electricity Regulatory Commission shows that in the composition of transmission and distribution costs of major power grid enterprises, the proportion of employee compensation is relatively large, nearly 20%, and the first place is depreciation, accounting for 41.64%, other expenses. The second rank accounted for 27.15%; the employee compensation accounted for 19.32%.  

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