售电公司参与下的工业园区局域电网建设项目新模式探讨

唐博文; 孙元章; 徐箭; 廖思阳; 沈波; 周南

doi:10.7500/AEPS20190728002

您当前的位置：

首页 >

文章列表页 >

售电公司参与下的工业园区局域电网建设项目新模式探讨

讨论园地 | 更新时间：2025-06-16

- 售电公司参与下的工业园区局域电网建设项目新模式探讨
- Discussion on New Mode of Construction Project for Regional Power Grid in Industrial Park with Participation of Electricity Retailers
- 电力系统自动化-方正平台 2020年44卷第19期页码：185-193
- 作者机构：
  
  1.湖北工业大学电气与电子工程学院，湖北省武汉市430068
  2.武汉大学电气与自动化学院，湖北省武汉市 430072
  3.劳伦斯伯克利国家实验室中国能源组，伯克利 94720，美国
- 作者简介：
  
  唐博文(1988—)，男，博士，主要研究方向：电力技术经济学与电力市场。E-mail:contactbowen@yeah.net
  孙元章(1954—)，男，通信作者，博士，教授，博士生导师，主要研究方向：电力系统分析与规划、大规模风电接入运行与控制技术、广域测量技术的高级应用。E-mail: yzsun@mail.tsinghua.edu.cn
  徐箭(1980—)，男，博士，教授，博士生导师，主要研究方向：电力系统运行与控制、大规模新能源并网技术。E-mail：xujian@whu.edu.cn
- 基金信息：
  
  国家自然科学基金重大项目(51190100);国家重点研发计划资助项目(2017YFB0902900)
- DOI：10.7500/AEPS20190728002
  中图分类号：
- 收稿日期：2019-07-28，
  
  修回日期：2020-06-29，
  
  网络出版日期：2020-08-13，
  
  纸质出版日期：2020-10-10
- 稿件说明：
移动端阅览
唐博文,孙元章,徐箭等.售电公司参与下的工业园区局域电网建设项目新模式探讨[J].电力系统自动化,2020,44(19):185-193.

TANG Bowen,SUN Yuanzhang,XU Jian,et al.Discussion on New Mode of Construction Project for Regional Power Grid in Industrial Park with Participation of Electricity Retailers[J].Automation of Electric Power Systems,2020,44(19):185-193.
唐博文,孙元章,徐箭等.售电公司参与下的工业园区局域电网建设项目新模式探讨[J].电力系统自动化,2020,44(19):185-193. DOI： 10.7500/AEPS20190728002.

TANG Bowen,SUN Yuanzhang,XU Jian,et al.Discussion on New Mode of Construction Project for Regional Power Grid in Industrial Park with Participation of Electricity Retailers[J].Automation of Electric Power Systems,2020,44(19):185-193. DOI： 10.7500/AEPS20190728002.

摘要

随着中国电力行业市场化的迅速扩张，售电侧市场的激烈竞争将使售电公司的可持续发展面对极大的挑战。为此，售电公司积极参与电力市场的多元化建设与发展并关注工业园区局域电网建设项目，然而参与建设局域电网面临大量资金投入的难题。资产证券化融资是化解资金投入与经济性评估难题的有效手段之一。文中探讨了可促进售电公司参与工业园区局域电网基础设施建设的资产证券化新型融资机制与方案，利用国家积极倡导并推进的政府与社会资本合作新模式，搭建起促进能源基础设施建设市场化的金融架构，建立金融模型来评估项目投资回报效益。最后，通过合作博弈模型在政府与售电公司不同努力程度条件下找到合理利益分配系数的分布区间，以促使售电公司参与的工业园区局域电网建设项目收益最大化。

Abstract

With the rapid expansion of power industry marketization in China

the fierce competition in retail electricity market will make the sustainable development of electricity retailers face great challenges. Therefore

electricity retailers actively participate in the diversified construction and development of the electricity market

and they focus on the construction project of regional power grid in the industrial park. However

the huge investment is a difficult problem for participating in the construction of regional power grid. Asset securitization financing is one of the effective measures to solve the capital investment and economic evaluation problems. This paper discusses a new financing mechanism and scheme for asset securitization

which promotes the electricity retailers’ participation in the infrastructure construction of regional power grid in the industrial park. The new mode of cooperation between government and social capital actively advocated and promoted by the Chinese government is used. A financial framework is set up to promote the marketization of energy infrastructure construction

and a financial model is established to evaluate the return on project investment. Finally

the cooperative game model is used to find a reasonable distribution range of profit distribution coefficients under different conditions of efforts between the government and the electricity retailers

so as to maximize the profits of the construction project for regional power grid in the industrial park which the electricity retailers participate in.

关键词

Keywords

references

中共中央国务院 . 关于进一步深化电力体制改革的若干意见(中发〔2015〕9 号) [EB/OL].[ 2020-06-01 ]. http://tgs.ndrc.gov.cn/zywj/201601/t20160129_773852.html http://tgs.ndrc.gov.cn/zywj/201601/t20160129_773852.html .

The State Council of the People’s Republic of China . Several opinions on further deepening the reform of the electric power system [EB/OL]. [ 2020-06-01 ]. http://tgs.ndrc.gov.cn/zywj/201601/t20160129_773852.html http://tgs.ndrc.gov.cn/zywj/201601/t20160129_773852.html .

国家发展和改革委员会 , 国家能源局 . 关于印发电力体制改革配套文件的通知(发改经体〔2015〕2752 号) [EB/OL].[ 2020-06-01 ]. http://www.nea.gov.cn/2015-11/30/c_134867851.htm http://www.nea.gov.cn/2015-11/30/c_134867851.htm .

National Development and Reform Commission, National Energy Administration . A notice on printing and issuing of the supporting documents for the reform of the electric power system [EB/OL]. [ 2020-06-01 ]. http://www.nea.gov.cn/2015-11/30/c_134867851.htm http://www.nea.gov.cn/2015-11/30/c_134867851.htm .

陈妤 , 卫志农 , 胥峥 , 等 . 电力体制改革下的多虚拟电厂联合优化调度策略 [J]. 电力系统自动化 , 2019 , 43 ( 7 ): 42 - 49 .

CHEN Yu , WEI Zhinong , XU Zheng , et al . Optimal scheduling strategy of multiple virtual power plants under electricity market reform [J]. Automation of Electric Power Systems , 2019 , 43 ( 7 ): 42 - 49 .

叶彬，刘敦楠，杨娜，等 . 基于实物期权的增量配电网投资决策 [J]. 电力系统自动化 , 2018 , 42 ( 21 ): 178 - 184 .

YE Bin , LIU Dunnan , YANG Na , et al . Real options based investment decision-making for incremental distribution network [J]. Automation of Electric Power Systems , 2018 , 42 ( 21 ): 178 - 184 .

国家发展和改革委员会 , 中国证监会 . 关于推进传统基础设施领域政府和社会资本合作(PPP)项目资产证券化相关工作的通知 [EB/OL].[ 2020-06-01 ]. http://www.sdpc.gov.cn/gzdt/201612/t20161226_832633.html http://www.sdpc.gov.cn/gzdt/201612/t20161226_832633.html .

National Development and Reform Commission, China Securities Regulatory Commission . A notice on advancing the work regarding asset securitization of public-private partnership project in the traditional infrastructure area [EB/OL]. [ 2020-06-01 ]. http://www.sdpc.gov.cn/gzdt/201612/t20161226_832633.html http://www.sdpc.gov.cn/gzdt/201612/t20161226_832633.html .

ALAFITA T , PEARCE J M . Securitization of residential solar photovoltaic assets: costs, risks and uncertainty [J]. Energy Policy , 2014 , 67 : 488 - 498 .

WIBOWO A , MOHAMED S . Risk criticality and allocation in privatised water supply projects in Indonesia [J]. International Journal of Project Management , 2010 , 28 ( 5 ): 504 - 513 .

INDERST G . Private infrastructure finance and investment in Europe [EB/OL]. [ 2020-06-01 ]. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2359648 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2359648 .

GARRIDO L , GOMEZ J , BAEZA M . et al . Is EU financial support enhancing the economic performance of PPP projects? An empirical analysis on the case of Spanish road infrastructure [J]. Transport Policy , 2017 , 56 : 19 - 28 .

KUMAR L , JINDAL A , VELAGA N R . Financial risk assessment and modelling of PPP based Indian highway infrastructure projects [J]. Transport Policy , 2017 , 62 : 2 - 11 .

LOOSEMORE M , CHEUNG E . Implementing systems thinking to manage risk in public private partnership projects [J]. International Journal of Project Management , 2015 , 33 : 1325 - 1334 .

GRIMSEY D , LEWIS M K . Evaluating risks of public private partnerships for infrastructure projects [J]. International Journal of Project Management , 2002 , 20 : 107 - 118 .

林华 . 中国资产证券化操作手册 [M]. 北京 : 中信出版集团 , 2016 : 1 - 12 .

LIN Hua . China asset securitization operation manual [M]. Beijing : CITIC Press Group , 2016 : 1 - 12 .

LIU W , WANG J , XIE H , et al . Electricity securitization in China [J]. Energy , 2007 , 32 ( 10 ): 1886 - 1895 .

HYDE D , KOMOR P . Distributed PV and securitization: made for each other [J]. The Electricity Journal , 2014 , 27 ( 5 ): 63 - 70 .

上海证券交易所 . 关于发布实施《上海证券交易所资产证券化业务指引》的通知 [EB/OL].[ 2020-06-01 ]. http://www.sse.com.cn/lawandrules/sserules/trading/bond/c/c_20150912_3985912.shtml http://www.sse.com.cn/lawandrules/sserules/trading/bond/c/c_20150912_3985912.shtml .

Shanghai Stock Exchange . A notice on issuing and implementing of the business guideline for asset securitization [EB/OL]. [ 2020-06-01 ]. http://www.sse.com.cn/lawandrules/sserules/trading/bond/c/c_20150912_3985912.shtml http://www.sse.com.cn/lawandrules/sserules/trading/bond/c/c_20150912_3985912.shtml .

国家能源局 . 关于征求《微电网管理办法》意见的函 [EB/OL].[ 2020-06-01 ]. http://zfxxgk.nea.gov.cn/auto84/201702/t20170209_2561.htm http://zfxxgk.nea.gov.cn/auto84/201702/t20170209_2561.htm .

National Energy Administration . Letter on soliciting opinions on microgrid management measures [EB/OL]. [ 2020-06-01 ]. http://zfxxgk.nea.gov.cn/auto84/201702/t20170209_2561.htm http://zfxxgk.nea.gov.cn/auto84/201702/t20170209_2561.htm .

国家发展和改革委员会 . 关于印发配电网建设改造专项债券发行指引的通知 [EB/OL].[ 2020-06-01 ]. http://cjs.ndrc.gov.cn/zcfg/201511/t20151113_758551.html http://cjs.ndrc.gov.cn/zcfg/201511/t20151113_758551.html .

National Development and Reform Commission . A notice on printing and issuing guideline regarding issuing special bond of distribution network construction [EB/OL]. [ 2020-06-01 ]. http://cjs.ndrc.gov.cn/zcfg/201511/t20151113_758551.html http://cjs.ndrc.gov.cn/zcfg/201511/t20151113_758551.html .

周凯波 , 国家发展和改革委员会国际合作中心政府和社会资本合作(PPP)项目促进办公室 . 中国政府和社会资本合作(PPP)政策法规汇编 [M]. 北京 : 法律出版社 , 2016 .

ZHOU Kaibo , National Development and Reform Commission International Cooperation Center Public-private Partnership Project Promotion Office . Compilation of policies and regulations on PPP in China [M]. Beijing : Law Press , 2016 .

庞晓波 , 李丹 . 中国经济景气变化与政府债务风险 [J]. 经济研究 , 2015 , 10 : 18 - 33 .

PANG Xiaobo , LI Dan . The economic climates and government debt risk in China [J]. Economic Research Journal , 2015 , 10 : 18 - 33 .

李扬 . 中国地方政府债务问题探讨 [J]. 科学发展 , 2014 , 71 : 6 - 8 .

LI Yang . Discussion on the debt problem of China’s local government [J]. Scientific Development , 2014 , 71 : 6 - 8 .

曾晓安 . 用PPP模式化解地方政府债务的路径选择 [J]. 中国财政 , 2014 , 662 : 25 - 26 .

ZENG Xiao’an . The path choice to decrease local government debt by PPP mode [J]. China State Finance , 2014 , 662 : 25 - 26 .

窦春霞 , 罗维 , 岳东 , 等 . 基于多智能体的微网群内电力市场交易策略 [J]. 电网技术 , 2019 , 43 ( 5 ): 1735 - 1744 .

DOU Chunxia , LUO Wei , YUE Dong , et al . Multi-agent system based electricity market trading strategy within microgrid groups [J]. Power System Technology , 2019 , 43 ( 5 ): 1735 - 1744 .

FUMAGALLI E , BLACK J W , VOGELSANG I , et al . Quality of service provision in electric power distribution systems through reliability insurance [J]. IEEE Transactions on Power Systems , 2004 , 19 ( 3 ): 1286 - 1293 .

杨洋 , 李丽娟 . 投资项目净现值法与内含报酬率法比较研究 [J]. 财务管理与资本运营 , 2018 , 8 ( 4 ): 24 - 26 .

YANG Yang , LI Lijuan . Comparative study on net present value method and internal rate of return method for investment projects [J]. Commercial Accounting , 2018 , 8 ( 4 ): 24 - 26 .

李子奥 , 陈晓瑜 , 肖松 . 使用净现值法优化余热回收换热器 [J]. 工业加热 , 2017 , 46 ( 3 ): 1 - 4 .

LI Zi’ao , CHEN Xiaoyu , XIAO Song . Applying net present value method to optimize the heat recovery exchanger [J]. Industrial Heating , 2017 , 46 ( 3 ): 1 - 4 .

STUBELJ I , DOLENC P , JERMAN M . Estimating WACC for regulated industries on developing financial markets and in times of market uncertainty [J]. Managing Global Transitions , 2014 , 12 ( 1 ): 55 - 77 .

ONDRACZEK J , KOMENDANTOVA N , PATT A . WACC the dog: the effect of financing costs on the levelized cost of solar PV power [J]. Renewable Energy , 2015 , 75 : 888 - 898 .

VEITH S , WERNER J R , ZIMMERMANN J . Capital market response to emission rights returns: evidence from the European power sector [J]. Energy Economics , 2009 , 31 : 605 - 613 .

武昭原 , 周明 , 姚尚润 , 等 . 基于合作博弈论的风储联合参与现货市场优化运行策略 [J]. 电网技术 , 2019 , 42 ( 8 ): 183 - 192 .

WU Zhaoyuan , ZHOU Ming , YAO Shangrun , et al . Optimization operation strategy of wind-storage coalition in spot market based on cooperative game theory [J]. Power System Technology , 2019 , 42 ( 8 ): 183 - 192 .

AUTREY R . Team synergy , team composition and performance measures [C]// Academic Annual Conference of American Accounting Association , Boston,USA , 2005 .

INDERST R , MULLER H M . Venture capital contracts and market structure [EB/OL]. [ 2020-06-01 ]. https://archive.nyu.edu/handle/2451/26382 https://archive.nyu.edu/handle/2451/26382 .

BETTIGNIES J E D . Financing the entrepreneurial venture [EB/OL]. [ 2020-06-01 ]. https://pubsonline.informs.org/doi/abs/10.1287/mnsc.1070.0759 https://pubsonline.informs.org/doi/abs/10.1287/mnsc.1070.0759 .

浏览量

下载量

CSCD

文章被引用时，请邮件提醒。

提交

工具集

关联资源

考虑非价格因素的售电公司竞争力分析