The transmission and distribution electricity price ushered in a new round of supervision cycle, and the supervision efforts were further strengthened.
Event: on April 22, the national development and Reform Commission revised the 2015 national development and Reform Commission concrete special reinforcement bending test method, the "transmission and distribution pricing cost supervision and examination method (Trial)" jointly issued by the national development and Reform Commission and the national energy administration, and established a closed-loop control to solicit opinions from the public
comments: refine the transmission and distribution pricing costs
the transmission and distribution pricing costs have been further refined, making the basis for cost supervision and review more clear. According to the new "exposure draft", the composition and collection of transmission and distribution pricing costs are more detailed than those in the "trial" version. For example, other operating expenses are subdivided into six categories: production and operation expenses, management expenses, safety protection expenses, research and development expenses, in price taxes and other expenses. The relevant expenses that are not included in transmission and distribution pricing costs are also further refined. We believe that the itemization of expenses makes it possible to supervise and review the cost of power enterprises in the future with clear basis and reduce the possibility of ambiguity. In addition, the cost corresponding to the market-oriented business of the units affiliated to the power enterprise; The costs of pumped storage power stations, electric energy storage facilities, power plants whose electricity is owned and whose electricity price has been separately verified, and the costs of independent and cost-effective power selling companies are not included in the transmission and distribution pricing costs, which fully reflects the guiding ideology of regulatory requirements that electricity should give play to the attributes of utilities and not compete with the people, and to a certain extent limits the direction of power enterprises in the distribution of assets in the middle and lower reaches
the accounting verification of the depreciation period has been significantly adjusted, and the enterprise cost has been reduced in a longer period.
the depreciation period has been increased, and the annual depreciation cost of the enterprise has decreased. According to the depreciation life table of fixed assets classification pricing of power enterprises in the "exposure draft", the depreciation life of assets of power enterprises has generally been increased, including the maximum depreciation life of transmission and distribution lines and untrained transformation and distribution equipment of some customers, and the minimum depreciation life of most categories has also been increased accordingly, The electricity metering equipment and communication lines and equipment in other categories are changed from the year of trial implementation with the implementation of the 1035 national strategic emerging industry development plan to eight years. Unproductive houses and buildings have experienced the largest changes, from the original 20 years to 50 years. Accruing depreciation according to this table will reduce the annual depreciation cost of power enterprises, increase the profits of enterprises in disguised form, and provide space for further reducing the electricity sales price
add operator obligations and strengthen supervision
increase electricity obligations to strengthen supervision. Compared with the "trial version", the "exposure draft" adds a chapter of "operator obligations", which strengthens the obligation of power enterprises to save data and provide cost information. According to the requirements, the cost information that enterprises should provide includes: basic information of enterprises, accounting and financial information, cost questionnaire, asset information, electricity information, regulatory cycle comparison information, various income and expenditure schedules Transaction data of internal related parties and other data required for cost supervision and review. As the last round of transmission and distribution electricity price cost supervision and review cycle (2017-2019) is about to expire, the "exposure draft" is also issued to cooperate with the new round of transmission and distribution electricity price cost supervision and review. We believe that this will make the electricity cost more timely and transparent to regulators, and the transmission and distribution electricity price under the new cycle is expected to further decline, thus benefiting downstream power consumption enterprises
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