“Coal Province,†Shanxi Coal and Electricity Co., Ltd. has made new progress. Seven coal major groups have signed long-term power coal supply agreements with the five major power companies and some local power companies. For the first time, the coal and electricity parties have adopted the form of economic contracts, thereby giving the agreement more legal binding force. In addition, the two parties also clearly agreed the settlement price. In fact, coal-fired power companies have also signed long-term agreements in the past, but they have "unrealistically priced and unrealistically priced" coal-fired power plants. Under the force of the downturn in the coal industry, the "strong constraint" of this agreement has become a microcosm of the accelerated pace of coal and electricity joint ventures. Since the beginning of this year, due to the slowdown in economic growth at home and abroad and the decline in the prices of international bulk commodities, coal demand has been declining and prices have continued to fall. As of August 6, the Bohai Bohai Thermal Coal Price Index, which is a benchmark for China's coal market, has not risen for nine consecutive months. Data from the China Coal Industry Association shows that in the first half of the year, the cumulative output and sales volume of the national coal industry decreased year-on-year, the railway transportation volume continued negative growth for 13 months, and coal industry losses occurred in six provinces and cities including Heilongjiang, Jilin, Chongqing, Sichuan, Yunnan, and Anhui. . In Shanxi, a “coal province,†the situation is equally not optimistic. According to data from the Shanxi Provincial Department of Coal, in the first half of the year, sales of coal from Shanxi province grew by only 0.1%, and the comprehensive price per ton of coal fell from 656 yuan per ton in May 2011 to 450 yuan in June of this year, a decrease of 31%. The industry-wide profit dropped by 53% year-on-year. In order to solve the coal trap, on July 25th, the Shanxi Provincial Government issued 20 “coals†in an emergency, clearly proposing to continue to promote the integration of coal and electricity, coal and electricity, and encouraging coal companies to sign contracts with key users such as electric power, metallurgy, and coke. Cooperative contract to achieve coal and electricity harmony. Subsequently, on the 31st, Shaanxi Province stated that it would study the introduction of policies to support the development of the coal industry in the province, and “coal and coal mining†will once again be the key word. However, for a long time, coal and electricity have been arguing and contradicting the upstream and downstream industries that depend on each other. When coal supply falls short of demand, power companies do not have the right to speak and they must attack and search for coal everywhere. When coal supply exceeds demand, coal companies are in a passive position and can only sell coal to seek sales. The reporter learned that prior to the signing of the agreement, the coal and electricity sides conducted a detailed survey of their available energy and coal demand. On this basis, the two parties signed a coal supply and demand agreement in the form of an economic contract in accordance with the principle of “autonomously linking resources, independently signing contracts, negotiating prices independently, and consciously performing contractsâ€, and clearly stipulated the quantity and quality of coal supply. In particular, in price determination, the parties explicitly agreed on the settlement price in various forms through various forms. Zhang Youxi, chairman of China’s third-largest state-owned coal enterprise with the same coal group, said that in the medium- and long-term agreement signed with coal power companies this time, it involved 120 million tons of coal. Among them, this year's coal purchases and sales have 33 million tons, accounting for 1/4 of the group's total commercial coal this year, and the pressure on coal sales has been greatly eased. Qiao Baoping, chairman of China Guodian Corporation, said that the signing of a long-term agreement by coal-fired power companies will not only help to resolve the contradiction between supply and demand of coal and electricity, but also achieve a win-win result for both coal and electricity. It will also help ensure national energy security and promote the healthy development of the national economy. In addition to the long-term agreement on coal-fired power, capital-linked coal-electricity joint ventures that share capital are also receiving much attention. Since the beginning of this year, Shanxi Coal Group has merged with international power to reorganize Jinneng Company, and Lu'an Group has signed coal and electricity cooperation agreement with Gemini International. Among the 34 main thermal power enterprises in Shanxi Province, there are 22 integrated coal and electricity enterprises with property rights, and 17 companies with long-term contracts have been established, and the market's ability to resist risks has been greatly enhanced. In addition, after the coal business entered the down channel, China's coal industry leader Shenhua Group is also accelerating the deployment of coal and electricity joint ventures, in 2012 its power generation business accounted for more than 1/4. 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Affected by the coal price to accelerate the pace of domestic coal and electricity joint ventures