58%
share of gas in power mix (2021)
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This analysis includes a comprehensive Hong-Kong energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
58%
share of gas in power mix (2021)
6 TWh
solar potential
100%
oil and gas imports from China
Abstract
Institutions & Energy Policy
The Government does not have a specific entity to control the energy sector. The responsibility for the regulation of the electricity and gas sectors is shared between several departments: the Commerce and Economic Development Bureau, the Electrical and Mechanical Services Department (and in particular the Gas Standards Office), the Treasury, and the Environmental Protection Department.
Energy Companies
Gas:
The distribution monopoly of gas for domestic use is held by Towngas, the shorter name of the Hong Kong and China Gas Company, (41.5% Henderson Land Development).
Towngas has 1.9 million customers in Hong Kong (2021). Abroad, it serves around 35 million customers across 27 provinces and municipalities in mainland China (303 city-gas projects in 2021).
Energy Supply
Resources:
The territory of Hong Kong does not have any oil or gas resources. The potential of renewables is as follows: 6 TWh for solar PV, 2.6 TWh for onshore wind and 8 TWh for offshore wind.
Energy Prices
Electricity:
Power prices remained stable until 2018 for all sectors and then dropped by 20% in 2019 for households and remained quite stable since at US$14c/kWh. The price in 2021 for industry was rather stable (US$17.1c/kWh).
Energy Consumption
Total energy consumption per capita is 1.7 toe in 2021. Per capita electricity consumption is about 6 MWh.
Total energy consumption remained stable in 2021 at 12.6 Mtoe after an 8.5% decline in 2020. Previously, it had been stable since 2007.
Issues & Prospects
Electricity:
The country's priority is to develop renewables. The ENB estimates that Hong Kong only has an achievable potential of 3-4% of total electricity consumed from wind, solar and waste-to-energy sources until 2030.
Below is a list of the Hong-Kong energy market report graphs:
In the Hong-Kong energy market report you will find the following tables:
The Hong-Kong energy market data since 1990 and up to 2021 is included in the Excel file accompanying the Hong-Kong country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Hong-Kong country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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