距离2015年11月中央财经领导小组第十一次会议提出供给侧改革,刚好一整年过去了。这场堪称是近年来规模最为庞大的经济改革,在短短一年的时间里,席卷了中国经济的几乎每一个角落。作为国民经济的支柱行业,同时也是产能过剩严重的行业,能源不可避免的成为供给侧改革的重点领域。电力、石化、煤炭这些传统能源更是成为改革的重点领域。然而改革的道路却不一帆风顺。在投资惯性和投产滞后的作用下,火电装机容量继续大幅度增加,电力结构性过剩问题日趋严重。行业内部也为是否过剩的问题依然持有较大分歧。 The supply-side reforms proposed by the 11th meeting of the Central Financial Leadership Group in November 2015 have passed just one full year. This is the largest economic reform in recent years. In just one year, it has swept almost every corner of the Chinese economy. As a pillar industry of the national economy and an industry with serious overcapacity, energy is inevitably the focus of supply-side reform. The traditional energy sources such as electricity, petrochemicals, and coal are even more important areas for reform. However, the road to reform has not been easy. With the inertia of investment and the lagging of production, the installed capacity of thermal power continues to increase substantially, and the issue of structural overcapacity is becoming increasingly serious. The industry still holds big differences on the issue of oversupply.