State Grid Corp of China's acquisition of power distribution assets in Australia made headlines last month because of the deal's size, but the strategic value of the transaction to the mainland's monopoly power distributor is the chance it gives the firm to gain first-hand knowledge of how deregulated power markets function, analysts say.Friday, 14 June, 2013, 3:49am
Opening up the electricity market to more competition might not help bring power prices down, and such a move should be weighed carefully, the environment minister told lawmakers yesterday.27 Nov 2012 - 2:28pm 2 comments
Chief executive candidate Henry Tang Ying-yen added his voice yesterday to the public clamour against electricity price rises, calling for the power duopoly to be opened to competition.
'In the long run, Hong Kong should introduce competition [into the market],' Tang said during a radio interview.23 Dec 2011 - 12:00am
Few issues facing policymakers at the moment are more complex than the future of our electricity market. One of the biggest challenges is devising incentives to ensure a reliable, affordable, but much cleaner, power supply.26 May 2006 - 12:00am
Privatising the Airport Authority needs careful study and the government will not rush into it this year, Secretary for Economic Development and Labour Stephen Ip Shu-kwan has said.
More than 60 responses to a public consultation that ended last Tuesday will have to be looked at first.7 Jun 2005 - 12:00am
Electricity is something we take for granted. It powers our computers and mobile phones. It transports us up and down and across town. It keeps our food fresh, our drinks cold and it keeps the concrete boxes we live in warm in winter and cool in summer. Without it, even for a short time, life in the city grinds to a halt, and soon becomes untenable.15 Apr 2005 - 12:00am
In a fully competitive market, the question of fair price does not exist. But in monopolistic market structures - such as the power market - 'fair price' usually results from regulatory frameworks that try to balance the interests of different stakeholders.21 Dec 2004 - 12:00am
Monitoring of supply, safety and fees will be handled by six area offices
Officials from the state power regulator will be sent to head six regional offices overseeing electricity supply, in an effort to step up control over power distribution and management.3 Jul 2004 - 12:00am
Reform could lead to more choice and lower prices, forum is told
An economist yesterday urged the government to start liberating the energy market this year to allow households to choose their electricity suppliers.26 Aug 2003 - 12:00am
The State Council has approved a much-awaited reform for China's near-monopoly State Power to spur competition in the sector.12 Apr 2002 - 12:00am
Arthur Andersen believes that political and organisational issues are holding up the mainland's push to liberalise the power sector.
Despite establishment of State Power in 1998 to consolidate mainland state-held power assets, there are still many controlling interests, often competing against each other, in the sector.5 Mar 2001 - 12:00am