Competition in China's power sector is mainly concentrated in the power generation sector, which was formed after the reform of the power system in 2002".Five major power generation groups + non-state-owned power generation enterprises + local power groups + private and foreign-funded enterprisesThe competitive landscape has been relatively stable and has not fundamentally changed so far. With the deepening of the reform of the power system, some private and foreign-funded enterprises have also seized the opportunity to successfully enter the domestic power market.
In recent years, although non-state-owned power generation enterprises have actively set foot in the field of power investment by virtue of their strong financial strength, brand effect or resource advantages, and some strong local power groups have also actively carried out local expansion and acquisition actions in accordance with the regional power market development plan, and increased their respective market share through the integration of resources, but the five major power generation groups have always occupied a dominant position in the domestic power market. The comprehensive advantages of technology research and development will maintain the leading position in the industry.
After the reform of the power system, the new system of separating power plants and grids and bidding for grid access has replaced the original vertically integrated power monopoly business model, and the assets managed by the former state power company are divided according to the two types of business: power generation and power grid. The competition among companies in the power generation industry is mainly reflected in the construction of new power point projects and the sale of electricity. In terms of the construction of new power point projects, in order to expand the installed scale, increase market share, enhance profitability and improve profitability, power companies are actively striving for the construction of new power point projects, and there is fierce competition.
At present, the pattern of national power grid interconnection has not yet been formed, and under the power dispatching mode dominated by regional power grids, the main competitors of power enterprises are other power production enterprises in the regional power grid. In the case of a tight power supply situation, there is no competition among power companies; In the case of the alleviation of the power supply situation and the excess power generation of the local power grid, there is a certain competitive relationship between the power enterprises in the region, but because the current power sales volume of the power generation enterprises is mainly based on the power generation plan determined by the power enterprises and the power grid company, and the feed-in tariff of the power generation enterprises is affected by the installation of desulfurization devices and different power generation types and other factors, therefore, in the actual power dispatching process of the power grid company, the competition between power enterprises in the region is not obvious.
With the deepening of the reform of the power system, China's power industry will comprehensively promote the implementation of bidding on the basis of the pilot project and complete the establishment of the competition order on the power generation side; Establish an effective regulatory system, promote the gradual realization of national networking by power grid companies, build an effective, stable and reliable competition platform, and standardize the operation mechanism of the power market; Through the complete separation of power generation, transmission and distribution and the real establishment of the competitive pattern of power generation and sales, the marketization of the entire power industry will be realized, and the basic role of the market in allocating resources will be brought into full play to promote the sustained and healthy development of the power industry.
In order to achieve China's goal of peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, it is inevitable that the development of clean and renewable energy will be accelerated. China will vigorously increase the scale of wind power and photovoltaic power generation, accelerate the development of distributed energy in the east and central regions, develop offshore wind power in an orderly manner, accelerate the construction of hydropower bases in the southwest, promote the construction of coastal nuclear power safely and prudently, build a number of multi-energy complementary clean energy bases, and develop and utilize geothermal energy according to local conditions. Improve the utilization rate of ultra-high voltage transmission channels, accelerate the intelligent transformation of power grid infrastructure and the construction of smart microgrids. Reasonably control the scale and pace of coal-fired power construction, and promote the replacement of coal with electricity。
In the new power system with new energy as the main body, peak shaving energy storage occupies an important position, and further increase the flexibility of thermal power transformation, increase the overall power transmission capacity of new energy concentration areas, and accelerate the construction of UHV power grids, so as to promote the development of large-scale clean energy bases such as "three north" wind power and southwest hydropower, break the dependence on fossil energy-based development paths, greatly enhance the overall allocation capacity of China's energy resources, and comprehensively promote China's green energy transformation.