Causes Of Loss Of Thermal Power Industry In Yunnan And Countermeasures

The thermal power industry has experienced huge losses during2008-2011, but theearnings significantly get better since2012. To the five major power generation groupthermal power business as an example,2008-2011years were a total profit of-40billionyuan,-6.3billion yuan,-13.7billion yuan,-31.2billion yuan, profit6.5billion yuan in2012,1-6month profit of19.3billion yuan in2013, year-on-year increase. With thenational thermal power industry profit substantially better contrast, Yunnan province’scoal-fired power enterprises continue to large losses, and the loss rate continues to expand,the province’s coal-fired power enterprise loss1.5billion yuan in2011,2.9billion yuanloss in2012, the expected loss of nearly3.5billion yuan in2013. The sustained sharplosses, Yunnan thermal power enterprise assets and liabilities rate rose sharply, marketfinancing capacity loss, serious liquidity shortage, is facing the hitherto unknown crisis ofsurvival.In this paper, by constructing the analysis model of the thermal power enterprises,analysis of key indicators of the profit level of thermal power enterprises: powergeneration equipment using hours, generation price, unit price of standard coal, fixed cost.Then it analyzes the reasons why the Yunnan thermal power company loss: due to the rapidgrowth of Yunnan hydropower generating units, the fundamental changes have taken placein the power structure of Yunnan Province, hydropower, thermal power auxiliary patternleads to thermal power units using the number of hours by the substantial decline, interprovincial power grid construction lag, energy rich Yunnan failed to electricity toGuangdong etc. power shortage area; the Yunnan small coal. The coal prices continued torise in power pattern; the coal linkage policy guidance is not in place, coal prices costpressures by thermal power enterprises to undertake most of coal, electricity priceslong-term upside down, the Yunnan power grid electricity price substantially lower thanthe surrounding area; thermal power industry as a whole the lower capital adequacy ratio,debt burden is heavy. Mainly due to the factors mentioned above, the power company lossis severe, trapped in a "vicious spiral power losses of loans and the rise in the cost ofcapital--increased losses".Through look for reasons, this paper puts forward the policy measures of thermalpower enterprises and the government should introduce the self-help measures. Mainlyinclude the suggestion power enterprises to adopt limited diversification development; breaking the monopoly concept, realize the market operation; to strengthen internalmanagement, compression costs; to strengthen financial management, financial risk controlmeasures to improve the condition of business. Suggest that the government take includingthe overall inter provincial power grid construction, realize the rational flow of theimplementation of electricity price; reasonable formation mechanism; improve capitaladequacy ratio of thermal power industry; support extended thermal power industry chain,to promote industrial upgrading; the implementation of fire and water complement eachother, anti risk ability to enhance the industry.