Analysis on the development of power transmission

Analysis on the development of power transmission and distribution industry under the new situation in 2020

the power transmission and distribution and control equipment industry is a very important strategic industry in China. According to the Guiding Catalogue for industrial structure adjustment (2012) and the Interim Provisions on promoting industrial structure adjustment, the transmission and distribution and control equipment industry is one of the key areas encouraged by the state

the power transmission and distribution and control equipment manufacturing industry is an industry closely related to the power industry, which is greatly affected by the national economy. It is also an important equipment industry for the development of the national economy. It is responsible for providing all kinds of electrical equipment required for the national economy, national defense and the electrification of people's lives. In recent years, the long-term development potential of China's power industry has provided a broad development space for transmission and distribution and control equipment manufacturing enterprises

picture source: wind

in recent years, with the rapid development of China's economy, power shortages have generally occurred in the southeast coastal areas. The long-standing problem of heavy power generation and light transmission in China's power development has gradually been exposed, which highlights a weak link in the development of China's power industry, the relative lack of power facilities. After 2006, electric power construction surpassed the development of power supply construction and became the main investment focus of electric power construction. The proportion structure of electricity investment tends to be reasonable, which improves the trend of excessive scale, rapid growth and high proportion of China's power investment in recent years. Power and electricity begin to coordinate and develop scientifically

the growth rate of electricity consumption in China in 2019 was significantly lower than that in 2018. In 2019, China's total electricity consumption was 7.23 trillion kwh, an increase of 4.5% over the previous year, and the growth rate fell by 4 percentage points year-on-year. In terms of industries, the power consumption of the primary industry was 78 billion kwh, an increase of 4.5% year-on-year; The electricity consumption of the secondary industry was 4.94 trillion kwh, an increase of 3.1% year-on-year; The electricity consumption of the tertiary industry was 1.19 trillion kwh, an increase of 9.5% year-on-year; The domestic electricity consumption of urban and rural residents was 1.02 trillion kwh, with a year-on-year increase of 5.7%. The contribution rate of the tertiary industry and domestic electricity consumption of urban and rural residents to the growth of electricity consumption in the whole society was 51%. The annual growth of electricity consumption showed a trend of high before low, and gradually stabilized at a low level in the fourth quarter

influenced by many internal and external factors, such as Sino US trade relations, the impact of the covid-19 epidemic, and the decline in electricity consumption, a new situation may emerge in the development of electricity economy in 2020. Under the new situation, how should we deal with it

rely on strong infrastructure to lead the industry forward

from the 12 measures previously issued by the state power company to deal with the epidemic, the traditional power construction investment is still one of the key investment areas of the state power company

at present, the power transmission business is still monopolized by the state to a great extent, especially the investment in backbone electricity is basically led by the state, and the national level will make a clear plan and issue it in advance. Therefore, compared with other industries, the power transmission business is quite different. The power investment or the investment in the backbone is relatively stable, and the projects within the plan will basically be started and completed

according to the requirements of the 12th Five Year Plan outline to adapt to large-scale cross regional transmission and new energy power generation, accelerate the construction of modern power system, further expand the scale of West to East power transmission, improve the regional main power, develop UHV and other high-capacity, high-efficiency, long-distance advanced transmission technologies, rely on information, control, energy storage and other advanced technologies, promote the construction of smart electricity, and effectively strengthen the construction and transformation of urban and rural electricity, Enhance the power capacity and power supply reliability of optimized power allocation. At the same time, it is clearly required to speed up the construction of power transmission projects outside large coal power, hydropower and wind power bases, and form several requirements for cross regional transmission channels using UHV technology. The construction of cross provincial and cross regional transmission projects led by UHV in China has obviously accelerated in recent years

in the 13th five year plan, it is clearly proposed that during the 13th Five Year Plan period, the power transmission and receiving end demand, the receiving end power structure and peak shaving capacity should be coordinated, and the power receiving proportion and power receiving structure should be reasonably determined. Trans regional power transmission is sustainable and meets the long-term needs of the sending region. It should participate in the competition of the receiving power market. Coal transportation and power transmission should be carried out at the same time, so as to avoid the cross and detour of the tide, promote the consumption of renewable energy, and ensure power safety. On the basis of the implementation of hydropower supporting transmission channels, 12 transmission channels and transmission channels from Jiuquan to Hunan, Zhundong to Anhui and Jinzhong to Guangxi will be mainly implemented for the prevention and control of air pollution. Build the Northeast (zarut) UHV DC transmission channel in North China (Shandong) to solve the problem of power redundancy in Northeast China. Timely promote the construction of power transmission channels in Northern Shaanxi (Shenfu, Yan'an). In combination with the market conditions of the receiving end, we will actively promote the demonstration of power transmission channels in Xinjiang, Hohhot League, Mengxi (Baotou, Alxa, Wulanchabu), Longdong Binchang, and Qinghai pressure test machines, which are also one of the test machines we produce all year round

data comes from the fact that the oil delivery valve is opened larger: China electricity union

in September 2018, the National Energy Administration issued the notice on accelerating the planning and construction of a number of key power transmission and transformation projects (gnfd [2018] No. 70), in order to strengthen the efforts to make up for weaknesses in the field of infrastructure, give play to the important role of key power projects in optimizing the investment structure, clean energy consumption, power targeted poverty alleviation, and accelerate the promotion of Baihetan to Jiangsu Construction of 9 key power transmission and transformation projects from Baihetan to Zhejiang UHV DC

in recent years, China's power transmission and distribution equipment industry has been developing continuously, and the scale of the industry is also expanding. The sales revenue has increased from 2.61 trillion yuan in 2012 to 3.58 trillion yuan in 2017

from the perspective of structure, UHV and UHV products have high barriers to industry participation due to high production costs, large enterprise investment scale and high technical content, so the market is relatively concentrated. The technology maturity and technology content of the medium and low voltage product market are relatively low, and its market concentration is relatively scattered

at present, overcapacity has appeared in some industries of China's power equipment industry. Some industries may enter the era of low profits, and some enterprises with relatively weak competitiveness may face reorganization, merger or acquisition during this period of time

data source: the National Bureau of statistics wind

in 2019, in the face of the complex situation of significantly rising risks and challenges at home and abroad, China maintained sustained and healthy economic and social development, the progress of the main indicators of the 13th five year plan was in line with expectations, and new major progress was made in building a moderately prosperous society in all respects. In 2019, the State Grid is expected to complete an investment of about 450 billion yuan in electricity, with 52000 kilometers of 10 (66) kV and above transmission lines and 310million KVA of transformation capacity under 11 general conditions; 51000 kilometers of 110 (66) kV and above transmission lines and 300 million KVA of substation capacity have been put into operation

with the changes of national economic and environmental policies, power companies must also make corresponding adjustments, from management to business. In 2020, the state power issued the notice on further strict control of electricity investment (SDB [2019] No. 826), which had a wide range of influence at that time. However, industry insiders also said that some of the action plans in the document have some problems, but many of them, such as lean management and the whole process control of power investment, will have a significant impact on the national power company

according to the above documents, Guodian will pay more attention to scientific investment and precise investment in the future, optimize the investment structure, adhere to the investment must be effective, and strictly control the project. According to the notice, Guodian will strictly prohibit unauthorized expansion of investment interface and super standard construction, arrangement of investment beyond the scale and scope of nuclear price investment, and excessive pursuit of high reliability icing on the cake projects. At the same time, the notice stipulates that it is not allowed to arrange the lease of power transmission and transformation assets outside the investment plan, to carry out the construction of power side chemical energy storage facilities by means of investment, lease or contract energy management, and to no longer arrange new projects of pumped storage

after the release of the notice of national household appliances, the measures for optimizing investment and cost control (2019 Edition) issued by Nanfang power also said that the whole process control of electricity investment and the construction of input-output mechanism should be strengthened, and non regulated businesses should focus on the direction of strategic transformation and optimize the layout. Industry practitioners believe that the era of big power and strong infrastructure is coming to an end, and industry transformation is imminent

although the scale of China's electricity investment has fallen in the middle, with the development of China's economy and the increasing demand for electricity, China's investment in electricity will still maintain a high level, and the overall investment will still show a state of continuous growth. People in the power industry believe that the general office of the State Council recently released the "guiding opinions on maintaining the strength of making up for weaknesses in the field of infrastructure", which clearly mentioned the need to speed up the promotion of cross provincial and cross regional transmission, optimize and improve the power grids in various provinces, and promote the implementation of a number of UHV transmission projects. The implementation of UHV project construction plan is expected to be accelerated, and mainstream suppliers and supporting suppliers will receive new UHV project orders

therefore, the huge investment brought by the construction and transformation of national trunk power has laid a solid foundation for the development of transmission and distribution equipment industry. It can be predicted that the national investment in electricity will maintain a high growth rate in the future, and with the acceleration of national electricity construction, urbanization and rural electricity transformation, the domestic demand for transmission and distribution equipment will peak again

power enterprises are facing digital transformation

the utilization of data value has become a new investment direction. Energy transformation and industrial upgrading will be the two main directions to tap the value of power data

at the beginning of 2019, the two major power companies also successively put forward relevant strategies for the company's digital transformation, such as three types and two digital south

from the perspective of top-level design, according to the general idea of current power reform, Guohe South will transform into a channel company similar to telecom operators and natural gas pipeline companies, opening up both ends, controlling the middle, and charging upstream and downstream users. However, from the perspective of enterprise management, this is bound to bring huge cuts to the revenue of power companies

under the change of role, power enterprises are bound to rely on their own advantages to seek new profit growth points, one of which is to realize the transformation from business data to data business. For decades, relying on the huge transmission and distribution network and electricity trading behavior, power companies have accumulated extremely large-scale data. However, these data are sleeping in the data pool and do not play any value and role. The birth of new technologies and new concepts such as Yunda mobile intelligence has given these data a chance to see the sun again. These data are sufficient in quantity to support data mining and model analysis in safety production, operation and management, high-quality services and other aspects. When enough business data is accumulated, another meaning of ubiquitous power IOT can be realized: data business, that is, mining new business value in data and generating new business models. In the past, the complex production and operation businesses will be clearly and logically presented to the world in the form of data. At that time, potential faults and safety risks can be clearly predicted through big data analysis; Through the portrait of customers, we can clearly grasp the basic information of customers' payment habits, energy use and so on, so as to prevent the risk of electricity charges in advance; Through data mining, we can accurately predict the future operation and management, and even the overall trend of the national economy. Compared with previous business management