Abstract
A new round of power system reform will gradually promote the construction of power market in China. In this process, many policies will have an impact on the investment plan management of power grid enterprises. Firstly, this paper analyses the basic framework of China’s new power reform and two key tasks affecting grid investment. Then, the impact of electricity reform policy on investment decision-making of power grid is analyzed, including investment planning objectives, planning principles, planning depth, planning effectiveness and investment management. Finally, the investment plan management strategy of power grid company under the new situation is put forward.
Highlights
On March 15, 2015, the promulgation of Several Opinions on Further Deepening the Reform of Electric Power System marked the beginning of a new round of electric power system reform in China [1]
Based on the analysis of the task framework of the new power reform, this paper studies the impact of the new power reform on the management of the power grid investment plan
The economic choice of planning objective function and the determination of constraints need to reflect the interests of all investors, which puts forward higher requirements for the coordination of distribution network planning
Summary
On March 15, 2015, the promulgation of Several Opinions on Further Deepening the Reform of Electric Power System marked the beginning of a new round of electric power system reform in China [1]. Strong supervision of income and cost will affect the cash flow of power grid companies, while the investment of transmission and distribution assets requires a large amount of capital, which may increase certain financial costs. In terms of distribution network planning and investment, orderly liberalization of distribution and distribution business to social capital and gradually liberalization of incremental distribution investment business to eligible market players will diversify the main components of distribution network planning and construction, increasing the difficulty of unified planning and orderly construction of distribution network [4, 5]. Based on the analysis of the task framework of the new power reform, this paper studies the impact of the new power reform on the management of the power grid investment plan. The adaptive strategy of power grid investment management is formulated, which provides theoretical guidance for the practice of power grid investment planning management
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