The second batch of four power cuts measures July 1 sunset
In order to implement the requirements of the government's work report this year, the average electricity price of general industry and commerce was reduced by 10%. On May 15, the National Development and Reform Commission issued the second batch of four measures to reduce electricity prices. The Notice on Reducing General Industrial and Commercial Electricity Prices (hereinafter referred to as the “Noticeâ€) clarifies that in addition to the market-oriented transaction power, the price reduction space formed by the 50% reduction of the standard for the construction of major water conservancy projects will be used to reduce the general industrial and commercial electricity prices. At the same time, the depreciation period of fixed assets of power grid enterprises will be appropriately extended, and the average depreciation rate of fixed assets of power grid enterprises will be reduced by 0.5 percentage points; after the VAT rate and the average depreciation rate of fixed assets will be reduced, the re-approved price reduction of trans-provincial special projects will be formed. The price reduction space is allocated according to the ratio of 1..1 between the power transmission province and the power receiving province. The third measure in the Notice is that the VAT rate is reduced to 13%, the non-marketized trading power of hydropower enterprises in the province, the inter-provincial trans-regional hydropower and nuclear power enterprises (excluding the third-generation nuclear power units) The price reduction space formed will also be used to reduce the general industrial and commercial electricity prices. In addition, we will actively expand the scale of participation of general industrial and commercial users in power marketization transactions, and further reduce the cost of electricity consumption through market mechanisms. The National Development and Reform Commission requested that the competent departments of prices of the provinces (autonomous regions and municipalities) should promptly study and propose specific plans to reduce the local general industrial and commercial electricity prices by using the above-mentioned price reduction space, and issue documents before the end of May according to procedures, and formally implement them on July 1. On March 29th, the first measure to reduce the general industrial and commercial electricity price this year was introduced. After the grid enterprise VAT rate is adjusted from 16% to 13%, the space for the reduction of the tax-included transmission and distribution price of provincial power grid enterprises is all used to reduce the general industrial and commercial electricity price. In principle, it will be implemented from April 1. Wang Xiuqiang, vice president of the pilot think tank, said that in 2018, the whole society used about 6.84 trillion kWh of electricity. According to its estimation, the VAT rate is lowered by 3%, and the tax value of the grid enterprises should be reduced by about 36 billion yuan. The general electricity price of industrial and commercial users is expected to be reduced by 3 cents/kWh. Fiberglass Measuring Tape,Fiberglass Tapes Measure,Fiberglass Tape Measure,Plastic Fiberglass Measuring Tape Shangqiu Hengli Measuring Tools Co.,Ltd , https://www.henglimtools.com