Reforming Hong Kong’s Electricity Market to Encourage the Use of Renewable Energy Green Groups’ Joint Statement Green Groups’ Joint Statement • Aggressive consumption targets & peak demand reduction targets with incentive/penalty scheme for power companies • Open up the grid to distributed generation in order to encourage development of renewable energy Barriers to Distributed RE in HK • Access to the grid is constrained due to monopoly of two power companies • No incentives for investment • Potential is neglected by policy makers Development Trend What do We Need? • Fair terms for grid access (e.g. technical, financial, legal arrangements) • Feed-in tariffs • Direction from the government
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