Please use this identifier to cite or link to this item:
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.
ISSN: 0301-4215
DOI: 10.1016/j.enpol.2003.08.007
Appears in Collections:Journal/Magazine Article

View full-text via PolyU eLinks SFX Query
Show full item record


Last Week
Last month
Citations as of Aug 14, 2017

Page view(s)

Last Week
Last month
Checked on Aug 13, 2017

Google ScholarTM



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.