Research Article
The Research of the Effect of Imported Amount and Price of Bulk Commodity of Coal and Natural Gas on the Profits of Major Thermal Power Enterprises in China—Based on Liner Regression Model
@INPROCEEDINGS{10.4108/eai.9-12-2022.2327640, author={Shuang Wu}, title={The Research of the Effect of Imported Amount and Price of Bulk Commodity of Coal and Natural Gas on the Profits of Major Thermal Power Enterprises in China---Based on Liner Regression Model}, proceedings={Proceedings of the 4th Management Science Informatization and Economic Innovation Development Conference, MSIEID 2022, December 9-11, 2022, Chongqing, China}, publisher={EAI}, proceedings_a={MSIEID}, year={2023}, month={3}, keywords={natural gas; coal; profits of chinese thermal power enterprises}, doi={10.4108/eai.9-12-2022.2327640} }- Shuang Wu
Year: 2023
The Research of the Effect of Imported Amount and Price of Bulk Commodity of Coal and Natural Gas on the Profits of Major Thermal Power Enterprises in China—Based on Liner Regression Model
MSIEID
EAI
DOI: 10.4108/eai.9-12-2022.2327640
Abstract
The problem of energy materials’ shortage recently drove public attention to the power enterprises. To which extent power enterprises would be affected by the price of coal and natural gas is worthy of investigation. The paper analyzes the tendency towards the change of the amount and price of imported bulk commodity of coal from 2016 to 2021 and further investigates the relationship between the price of coal and natural gas of bulk commodity and the profits of major thermal power enterprises in China by using descriptive analysis, correlation and liner regression model. Enterprises selected are those that not only have more than 75% thermal generators but also with more than 60,000 kilowatts’ thermal power installed capacity. Results show that the profit of these enterprises negatively correlates with both the price of coal and natural gas. The extent that the price of coal affects the total profit is far more than that of the natural gas. There is no significant correlation between the profit with the imported amount of coal and natural gas. It is worth mentioning that the price of natural gas is significantly and also positively correlated with its imported amount and the price of coal.