electricity is something that even 1.4 billion people cannot lack. China's power is mainly responsible for the State Grid and Southern Power Grid. However, many people may not know that China's total debt has exceeded 3 trillion yuan. China's grid has a debt of 2533.4 billion yuan and China's grid has a debt of 647.9 billion yuan and China's 2
2021, ranking first in the country. It also ranks third among the global enterprises, second only to Walmart and Amazon. It looks gorgeous, but the power grid business of the State Grid also lost 10 billion yuan in 2021; the revenue of the State Grid also has a revenue of 671.6 billion yuan.
Then why does China Power Grid have so much debt? 1.4 billion people can’t afford to support China Power Grid?
China's power grid construction investment is too large and the reason why it has a lot of debt is that it is because of the large investment in construction. China is the first and the only country that allows the entire population to use electricity.
We must know that China's power grid is not for profit. The purpose of China's power grid is to ensure people's electricity needs.
In this case, the goal of the State Grid is to allow 1.4 billion people to use power, even if it is only for one household, the wires must be installed and the electricity must be connected. In 2006, State Grid Corporation fully launched the "Electricity All Households" project to solve the problem of power supply for people without electricity.
This project can be said to have huge investment, with an average investment of 13,300 yuan per household, and the power supply cost is more than 10 times the normal rural power supply cost.
For example, Zhongyi Township, Chongqing, 80% are high mountains. The power supply employees worked here for two months. They manually moved the poles up the mountain, set up 7 poles to supply power to 7 households in Pianyanbatai District, Huaxi Village, and set up 36 poles to supply power to 2 households in Yujiabatai District, Guangming Village. That is to say, 18 poles are specially used to supply power to 1 household, and the electricity bill for each household is only more than 20 yuan per month. According to the cost of investment, it will take at least 100 years to recover the cost, which does not include the interest of the invested funds and the daily manual maintenance costs.
is not an isolated case. In some remote areas of Qinghai, Xinjiang, Tibet, Sichuan and other provinces and regions, the investment cost of the power grid will take 100 years to recover.
With the courage of the country, China only took 9 years. On December 23, 2015, the power was closed and powered by Guomang Village and Changjiang Village in Qinghai, marking the complete solution to the power problem of 39,800 people without electricity in the country.
After solving the power consumption problem, the country began another huge project, which is to build a national smart grid, the economic development of eastern coastal cities, large demand for electricity, but insufficient power resources, but the industrial structure of the northwest and southwest regions is relatively single, and the electricity surplus has caused energy waste.
The emergence of ultra-high voltage solves the problem of power distribution, with low voltage level transmission power loss. Therefore, increasing the voltage level is for long-distance transmission, which can reduce the power loss of long-distance transmission.
In addition, it can connect the Chinese power grid and build a smart power grid, so that different power plants built in different locations (such as between thermal power plants and hydropower plants) can support and supplement each other, and achieve unified management and distribution of electricity. This can also promote the intensive development of coal and hydropower resources in the west, and can also protect the environment more effectively.
For this reason, from 2016 to 2025, China spent a total of 1.6 trillion yuan to build ultra-high voltage power grid projects, (20 billion yuan was invested from 2006 to 2010, 500 billion yuan was invested from 2011 to 2015, 700 billion yuan was invested from 2016 to 2020, and the budget for 2021 to 2025 was 380 billion yuan)
Of course, high debt also means high assets. During 2016 to 2020, the pole length of China's 35 kV and above transmission lines increased from 1.581 billion meters to 1.882 billion meters, and the loop length of 35 kV and above transmission lines increased from 1.756 billion meters to 2.156 billion meters. In 2025, China will also complete the ultra-high voltage "24 interchange and 14 direct" with more than 30,000 kilometers of lines involved.
China's electricity price is very cheap
The second reason is that China's electricity price is cheap. Take Shanghai as an example. Residents' daily electricity use remains at around 60 cents. The National Development and Reform Commission announced this charging standard in 2009, which has been used for 10 years. Sichuan Province has ranged from 40 cents to 50 cents. This standard was also released in 2009 and has not been raised since then. In the past two years, the electricity price has been lowered many times in the province; some poor counties once had only 10 cents of electricity.
In all countries around the world, China's electricity prices have been at a low level.
. Even if commercial electricity is used, the price of commercial electricity in China is at a low and medium level in the world. In recent years, China's commercial electricity consumption has also been lowering prices. In 2018 and 2019, my country's general industrial and commercial electricity prices were reduced by 10% for two consecutive years; in 2018, the State Grid exceeded the goal of reducing the general industrial and commercial electricity prices by 10%, reducing customer electricity costs by 91.5 billion yuan.
China's power grid's R&D investment is very high
The third reason is that China's power grid's R&D investment is very high. State Grid invested 130 billion in R&D funding from 2016 to 2020, and Southern Power Grid's R&D investment in 2020 was 8.219 billion yuan.
With high R&D investment, at the end of 2020, State Grid Corporation had a total of 97,548 patents and 33,240 Southern Power Grid Corporation. The State Grid has established a complete system of ultra-high voltage and smart grid technology standards system, with 356 enterprise standards, 90 industry standards, 44 national standards, and 19 international standards.
In 2013, the chairman of the IEC said: China's ultra-high voltage AC voltage standard has become an international standard voltage. This is the first time that China Electric Power has gained the right to set standards internationally.
In addition to the basic technology of the global standard for ultra-high voltage transmission technology, China has also made great contributions to the basic technology of the international standard system of smart grids.
, and the China Southern Power Grid Research Institute (including presided over or participated in the preparation) has three international standards (as of 2016), among which the "Technical Guidelines for Evaluation of Power User Demand Response Benefits" is the first international standard presided over by the institute and officially released in 2016.
In summary, China Power Grid is not for profit-making purposes. It exists to ensure the public's electricity demand, and it will not be affected by the market, disasters, etc., and it will always remain in a stable state. The result is that China Power Grid maintains high debt.
