We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 21 January 22
CHINA'S POWER TRADING TARIFFS TO RISE IN 2022 - FITCH RATINGS
 Rising trading volume and higher-than-benchmark tariffs in the 2022 bilateral contracts signed between Chinese power generation companies (gencos) and end-users signal an increase in power trading tariffs, reflecting the gencos' intention to recoup profit amid elevated coal prices and increased participation in market trading by commercial and industrial (C&I) customers, says Fitch Ratings.
Some Chinese power gencos enter into the next year's annual market trading contracts with end-users - mainly C&I customers - at the end of the current year. The bilateral contracts account for most of their annual trading volume and set the tariff agreed upon between both parties.
Jiangsu province's 2022 power market trading volume in these bilateral contracts will rise by 9.7% from a year earlier with the average trading tariff for coal-fired power at CNY466.78/MWh, higher than the local benchmark coal-fired tariff by 19.36% and almost reaching the price ceiling of CNY469.2/MWh. Guangdong province's annual electricity to be sold under the bilateral negotiated trading mechanism in 2022 will rise by 21.1% from a year earlier, and its average selling price will exceed its benchmark tariff by 7.35%, in stark contrast to 2021 when the annual traded power was sold at a discount of 11.56% to the benchmark tariff.
The 2022 annual power trading prices in south Hebei, Shaanxi and Hainan provinces will also approach the upper limit of 20% above their provincial benchmark tariffs.
The higher nationwide market trading tariff in 2022 follows a coal price rally in 2021, which significantly squeezed gencos' profit margins. The Qinhuangdao 5,500kcal/kg benchmark thermal coal price fell to CNY945 per tonne on 18 January 2022 after government intervention, from more than CNY1,300/tonne on average in 4Q21, but prices are still much higher than in 2019 and 2020. Fitch expects provinces that experienced severe power shortages in 2021 to set higher market trading tariffs in 2022, as price hikes are more acceptable by most end-users than blackouts.
The Chinese power trading market has also expanded, as all C&I users are now required to participate, implying higher tariffs as a fixed retail tariff is no longer an option for them. The local power grid can serve as their power purchasing agent in the transitional period, but the tariff it offers tends to be more volatile and sometimes higher than that of long-term contracted power from gencos.
Renewable power trading prices agreed upon between gencos and users in bilateral contracts for 2022 in eastern China will also increase. The average trading price of renewable power in Jiangsu province will be CNY72/MWh, or 8.38%, higher than the coal-fired benchmark tariff, while the average price of green power in Guangdong province will be higher by CNY61/MWh, much wider than the CNY30/MWh-CNY50/MWh premium to the coal-fired benchmark tariff in September 2021 when China's pilot scheme for green power trading started.
Fitch expects the premium of renewable power trading prices to rise further in eastern China, where curtailment risk is low due to strong market demand for electricity. The premium over coal-fired tariff is supported by high demand for renewable power from state-owned users, which are now evaluated by their government parents on their performance in achieving carbon-neutrality goals.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 22 October 21
HARD COAL REMAINS AN IMPORTANT FACTOR FOR SECURITY OF SUPPLY - COAL IMPORTERS ASSOCIATION, GERMANY
- Hard coal remains an important factor for security of supply
- Increase of around 35% in hard-coal-fired power generation in the first three ...
Wednesday, 20 October 21
CHINA'S COAL SHORTAGE TO EASE IN COMING MONTHS, INDUSTRY BODY SAYS - REUTERS
China’s coal shortage will likely ease in coming months, with domestic production and imports already showing signs of picking up, a coal ind ...
Wednesday, 20 October 21
CHINA'S RAW COAL OUTPUT DROPS IN SEPTEMBER - XINHUA
China’s raw coal output dropped 0.9 percent year on year to 330 million tonnes last month, data from the National Bureau of Statistics (NBS) ...
Wednesday, 20 October 21
OVER-RELIANCE ON COAL IN OUR POWER MIX HURTING INDIA - LIVEMINT
In spite of the renewables push, coal still accounts for about 50% of India’s installed power capacity. That means a simultaneous demand and ...
Wednesday, 20 October 21
CHINA COAL HITS RECORD HIGH AMID TIGHT SUPPLIES - REUTERS
China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply ...
|
|
|
Showing 441 to 445 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Planning Commission, India
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- The University of Queensland
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
|
| |
| |
|
