Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/42992
Title: Hong Kong's electricity market beyond 2008
Authors: Lam, PL
Keywords: Electricity
Scheme of control
Market reform
Issue Date: 2004
Publisher: Elsevier
Source: Energy policy, 2004, v. 32, no. 7, p. 851-854 How to cite?
Journal: Energy policy 
Abstract: In Hong Kong, electricity is supplied by two private utilities: Hongkong Electric and CLP Power (CLP). Both are regulated under the Scheme of Control (SOC). The SOC is a formal, long-term regulatory contract of 15 years, signed between a private firm and the Hong Kong Government. Under the SOC, the two electric utilities are subject to both rate-of-return control and price control. The current scheme will expire by 2008. In this paper, we propose a gradual and cautious approach to the introduction of market reform into the electricity industry in Hong Kong. For regulated markets, the government should consider replacing the SOC with performance-based regulation for wire businesses and the non-contestable market. For competitive markets, the government should consider introducing competitive tendering for new sources in the generation market and liberalising the supply market in phases.
URI: http://hdl.handle.net/10397/42992
ISSN: 0301-4215
DOI: 10.1016/j.enpol.2003.08.007
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