Notice of the National Development and Reform Commission on Further Improving the Coal Market Price Formation Mechanism issued by the National Development and Reform Commission [2022] No. 303

Notice of the National Development and Reform Commission on Further Improving the Coal Market Price Formation Mechanism

Fa Gai Price [2022] No. 303

The full text is valid

2022.2.24

Provinces, sinceAdministrative regions, municipalities directly under the Central Government and cities under separate state planning, the Development and Reform Commission of Xinjiang Production and Construction Corps, relevant enterprises, and relevant industry associations:

In order to implement the spirit of the Central Economic Work Conference and the Executive Meeting of the State Council, in accordance with the Price Law and other relevant laws and regulations, we hereby further improve the coalThe market price formation mechanism and related matters are notified as follows:

1. General idea

Coal is an important primary product related to the national economy and people's livelihood, and power supply and security are related to the overall economic and social development. It is necessary to base on the basic national conditions of coal-dominated, so that the market can play a leading role in the capital market.Play a decisive role in resource allocation, better play the role of the government, comprehensively use market-oriented and legal means to guide the price of coal (thermal coal, the same below) to operate within a reasonable range, improve the price transmission mechanism of coal and electricity, ensure the safe and stable supply of energy, and promote the coordinated and high-quality development of upstream and downstream coal and electricity.

Second, guide coal prices to operate within a reasonable range

Coal prices are formed by the market. The National Development and Reform Commission, together with relevant parties, will comprehensively adopt measures such as supply and demand connection, reserve throughput, import and export regulation, and transportation coordination to promote coal prices to operate within a reasonable range.When coal prices rise significantly or are likely to rise significantly, price intervention measures will be initiated promptly and in accordance with procedures in accordance with Article 30 of the Price Law and other provisions to guide coal prices back to a reasonable range; when coal prices fall excessively, comprehensive and appropriate measures will be taken to guide coal prices to recover reasonably.

Judging from the market operation situation for many years, the medium and long-term transaction price of seawater coal (5500 kcal) at Qinhuangdao Port in the recent stage is relatively reasonable at 570-770 yuan per ton (tax included) (see the attachment for the reasonable range of medium- and long-term transaction prices in the corresponding coal mining links in Shanxi, Shaanxi and Mongolia). Coal production, circulation,Consumption can remain basically stable, and the upstream and downstream industries of coal and electricity can achieve better coordinated development. The reasonable range should be evaluated and improved in a timely manner.

Third, improve the coal and electricity price transmission mechanism

Guide coal and electricity prices to be mainly formed through medium and long-term transactions. CoalWhen mid- and long-term transaction prices operate within a reasonable range, coal-fired power generation enterprises can fully transmit changes in fuel costs through market-based methods under the current mechanism, and are encouraged to reasonably set up clauses in mid- and long-term power transaction contracts that link the on-grid power price to the mid- and long-term transaction price of coal, effectively realizing coal and electricity price transmission.

Fourth, improve the coal price control mechanism

(1) Improve the supply and demand adjustment ability of the coal market. Further improve the coal production, supply, storage and marketing system, ensure reasonable and sufficient coal production capacity, improve the coal medium and long-term contract system, and further enhance the government's dispatchable coal storage capacityStrengthen the reserve adjustment mechanism, timely purchase, reserve and release, and promote coal prices to operate within a reasonable range. Enhance the supporting capabilities of railway coal collection and distribution. Establish and improve the coal demand-side response mechanism, and rationally adjust coal consumption when necessary.

(2) Strengthen the management of coal market expectations. Improve coal market expectations.The coal production and circulation cost investigation system and market price monitoring system provide support for coal price regulation and assessment and improvement of the reasonable range of coal prices. Timely release of coal market and price information strengthens coal price index behavioral assessment and compliance review. When coal prices exceed the reasonable range, full use of and other laws and regulations provide means and measures to guide coal prices back to a reasonable range.

(3) Strengthen coal and electricity market supervision. Improper administrative intervention in coal and electricity prices within a reasonable range is strictly prohibited. It is strictly prohibited to provide electricity price concessions to high-energy-consuming enterprises in violation of regulations. Improve the regulationWe should strengthen the credit system of the coal industry and strengthen the supervision of long-term contract performance in coal and electricity. Pay close attention to the trends of speculative capital, strengthen the joint supervision of futures and spot markets, and resolutely curb excessive speculation and malicious speculation of capital. Development and reform departments in various regions must cooperate with market supervision departments, pay close attention to the competition in the coal and electricity markets, and strengthen antitrust supervision.management; timely investigate and punish market entities for fabricating and disseminating price increase information, hoarding, price gouging, price collusion and other price violations; after the implementation of coal price intervention measures, serious investigation and punishment of illegal activities that do not implement price intervention measures, typical cases have been publicly exposed.

This notice has been since 20It will be implemented from May 1, 2022. The price of imported coal does not apply to the provisions of this notice.

Attachment: Reasonable range of medium and long-term transaction prices for coal mining in key areas

National Development and Reform Commission

February 24, 2022