Skip to main content

Hong Kong energy report

Hong Kong energy report
mail
arrow_upward
Update
Format
3 files (PDF report, 2 Excel files)
Pages
50 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

Download samples
Report Sample Country Data Sample Power Generation Sample

Buy Hong Kong energy report

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

Price
890 €

Overview

Hong Kong is advancing its climate strategy by targeting net-zero electricity generation by 2050, phasing out coal by 2035, and expanding gas and renewables. Energy regulation is shared across government departments, with private utilities managing supply under controlled tariffs.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • Hong Kong plans to reduce its CO2 intensity to GDP by 65-70% by 2030, compared to 2005 levels.
  • CLP Power is the main electric utility, holding 70% of the capacity and supplying 80% of consumers.
  • Towngas has the monopoly over gas supply.
  • Hong Kong is dependent on energy imports.
  • Gas has the largest share in total energy consumption (40% in 2024) and in the power mix (67%) and is replacing coal.
  • Final consumption remained stable in 2024 after a 6% increase in 2023.
  • Energy prices are considerably higher than in mainland China
  • As part of its Climate Action Plan 2050, Hong Kong plans to phase out coal-fired power by 2035 and shift toward natural gas and renewables.
  • Hong Kong has the potential to produce 3-4% of its electricity from wind, solar, and waste-to-energy in 2030.
67%
share of gas in power mix (2024)
6 TWh
solar potential
83%
gas imports from mainland China (2024)

  • Energy & Climate Policy Framework

    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 (EMSD, in particular the Gas Standards Office), the Treasury, and the Environment and Ecology Bureau.

  • Energy Companies

    Electricity:

    CLP Power (100% CLP Holdings) operates a total capacity of 7.2 GW in Hong Kong in 2024 (70% of the total). Its mains assets include 3.1 GW from the Castle Peak coal-fired power plant, 3.8 GW from the Black Point CCGT power plant, and 0.3 GW from the Penny's Bay diesel-fired power plant. These power plants belong to CAPCO, Castle Peak Power Co Ltd (70% CLP, 30% China Southern Power Grid).

  • Energy Supply & Demand

    Oil:

    Hong Kong does not produce any oil. Almost all of the oil products are imported from mainland China (more than 80% in 2024). Imports reached 16.4 Mt in 2024, a 10% increase compared to 2023. Imports have been decreasing sharply since 2018 (-12%/year) but rebounded by 35% in 2023.

  • Energy Use and Price by Sector

    Energy Prices in Residential:

    Electricity prices for households fell by 3% in 2024, reaching US$14.2 c/kWh, after remaining stable at around US$13.8 c/kWh since 2020. Prior to that, prices dropped sharply by 19%in 2019. Between 2010 and 2018, electricity prices rose at an average annual rate of 3%.

  • Issues & Prospects

    Electricity:

    The country's priority is to develop renewables. ENB estimates that Hong Kong only has an achievable potential of 3-4% of total electricity consumed from renewables by 2030. The Climate Action Plan 2050 outlines a gradual phasing out of coal-fired power, with a shift to natural gas by 2030, and the complete cessation of coal use by 2035.

  • Graph 1: Primary Consumption Trends by Energy Source
  • Graph 2: Total Consumption Market Share by Energy (2024)
  • Graph 3: Installed Electric Capacity by Source
  • Graph 4: Installed Electric Capacity by Source (2024)
  • Graph 5: Gross Power Production by Source & Consumption
  • Graph 6: Power Generation by Source (2024)
  • Graph 7: Petroleum Products Production & Consumption
  • Graph 8: Gas Production & Consumption

    • •Coal Production & Consumption  25

  • Graph 9: Emissions of GHG and CO2 from Fuel Combustion
  • Graph 10: Final Demand Trends by Energy Source
  • Graph 11: Final Consumption by Sector
  • Graph 12: Final Consumption Market Share by Sector (2024)
  • Graph 13: Final Consumption in Industry by Energy Source
  • Graph 14: Energy Prices in Industry (Taxes Included)
  • Graph 15: Final Consumption in Transport by Energy Source
  • Graph 16: Energy Prices in Transport (Taxes Included)
  • Graph 17: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 18: Energy Prices in Residential (Taxes Included)
  • Graph 19: Upcoming New Capacity by Energy Source

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Hong Kong energy market data since 1990 and up to 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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Hong Kong Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Hong Kong energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).