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Two power companies︱Xie Zhanhuan said that considering opening up the market may not be a good thing: competition for investment may damage the stability of power supply

2023-01-26T06:03:11.806Z


CLP and Hongkong Electric have increased their electricity tariffs by 20% and 45% annually this year, making full use of the permitted return agreed with the government. Xie Zhanhuan, Secretary of the Environment and Ecology Bureau, pointed out that the current "Scheme of Control Agreement" with the two power companies will not expire until 2033.


CLP and Hongkong Electric have increased their electricity tariffs by 20% and 45% annually this year, making full use of the permitted return agreed with the government.

Xie Zhanhuan, Secretary of the Bureau of Environment and Ecology, pointed out that the current "Schedule of Control Agreement" with the two power companies will not expire until 2033. Regarding the voices demanding to break the monopoly, Xie said that at that time, different ways of opening up the market will be considered, but more competitors will be introduced It may not be a good thing: "Hong Kong is not a big place, and the electricity market is divided too finely and fragmented. Every link (electricity) in the middle must be profitable. For reducing electricity charges, (joining competitors) may not be the best method."


Xie Zhanhuan pointed out that foreign countries have the practice of "separating" power plants and power grids, but "there are more competitors, and the total investment of each power company is actually greater than the demand. Once the energy crisis hits, there will be no electricity. companies go bankrupt”, this method will actually affect the stability of power supply.


"Garbage Levy" will be implemented within the year as scheduled

The "Garbage Levy" will be implemented within this year. At that time, citizens will be required to purchase designated garbage bags to dispose of garbage. Xie Zhanhuan pointed out that within two to three months there will be a new tender for the production of garbage bags, and he is confident that the "Garbage Levy" will be implemented within this year as scheduled.

He said that he would continue to improve recycling facilities. In the past two years, through "Green in the District", some citizens' habits have been successfully changed. The recycling industry has grown, the recycling network has increased, and more downstream facilities have participated: "The government has adjusted cooperative recycling. They need to turn recycled materials into useful and salable products, and we pay according to the quantity of items produced from raw materials, such as turning glass bottles into glass sand, plastic into slices, etc.

Hong Kong aims to achieve zero carbon emissions in transportation by 2050. Xie hopes that by 2027, there will be about 700 electric buses and 3,000 electric taxis running.

High-speed chargers will be built in Tung Chung, Kowloon Tong and Tseung Kwan O starting this year, and the first gas station will be transformed into an electric vehicle charging station within this year.

Electricity fee increase|More than 1,000 citizens joined forces to oppose the two electricity price increases and earn out of the Democratic Party’s proposal to set up electricity subsidy fees. Kwok Wai Keung: How to make money and increase electricity bill︱Xie Zhanhuan was accused of downplaying the increase for a day and then admitting to failure: If there is a misunderstanding, he will pay more attention to the increase in electricity charges|The two electricity bills are not exhausted. Tian Beichen: If the price of fuel is expensive and the price of electricity is not increased, both electricity will be miserable. Advocate to understand public opinion and use more nuclear power to increase electricity charges|45.6% is not the most meaty. Fuel adjustment fees can increase monthly energy price increases and become the key

Source: hk1

All news articles on 2023-01-26

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