- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
-
49 (Report only)
- Delivery
- Immediate by e-mail
- 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
Buy Hong Kong energy report
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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).
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.
Energy & Climate Policy Framework
The Government does not have a specific entity to control the energy sector.
Energy Companies
Gas:
MOL commissioned an LNG regasification FSRU (Bauhinia Spirit, ex Challenger FSRU) in 2023, with a capacity of 6.2 bcm/year. This FSRU supplies natural gas via two subsea pipelines to CLP's Power's Black Point Power Station and HEC's Lamma Power Station.
Energy Supply & Demand
Resources:
The territory of Hong Kong does not have any oil or gas resources. The potential of renewables is limited and amounts to 6 TWh for solar PV, 2.6 TWh for onshore wind and 8 TWh for offshore wind.
Energy Use and Price by Sector
Energy Prices in Industry:
Electricity prices in industry rose slightly by 2% in 2024 (+16% in 2023), reaching US$21.7c/kWh. Previously, electricity prices have increased at an average annual rate of around 3% over 2010-2022.
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
- Graph 9: Coal Production & Consumption
- Graph 10: Emissions of GHG and CO2 from Fuel Combustion
- Graph 11: Final Demand Trends by Energy Source
- Graph 12: Final Consumption by Sector
- Graph 13: Final Consumption Market Share by Sector (2024)
- Graph 14: Final Consumption in Industry by Energy Source
- Graph 15: Energy Prices in Industry (Taxes Included)
- Graph 16: Final Consumption in Transport by Energy Source
- Graph 17: Energy Prices in Transport (Taxes Included)
- Graph 18: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 19: Energy Prices in Residential (Taxes Included)
- Graph 20: 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).