1 interconnectiowithin hong kong（1 interconnectiowithin香港）（284页）.docVIP

FINAL REPORT Government of the Hong Kong SAR Interconnection and Competition in the Hong Kong Electricity Supply Sector October 1999 Reference C1789 This report has been prepared by Environmental Resources Management the trading name of Environmental Resources Management Limited, with all reasonable skill, care and diligence within the terms of the Contract with the client, incorporating our General Terms and Conditions of Business and taking account of the resources devoted to it by agreement with the client. We disclaim any responsibility to the client and others in respect of any matters outside the scope of the above. This report is confidential to the client and we accept no responsibility of whatsoever nature to third parties to whom this report, or any part thereof, is made known. Any such party relies on the report at their own risk. Contents Executive Summary i 1 Overview i 2 Interconnection iv 3 Competition ix 4 Southern China Electricity Sector xi 5 Conclusions and Recommendations xii FOReWORD xv GLOSSARY xvi Abbreviations xxi 1 INTRODUCTION AND OVERVIEW 1 1.1 Background 1 1.2 Study Objective 3 1.3 Study Approach 3 1.4 Structure of this Document 10 1.5 Key Terms 11 2 FEASIBILITY OF INCREASED INTERCONNECTION OF ELECTRICITY SYSTEMS IN HONG KONG 13 2.1 Introduction 13 2.2 General Considerations Associated with Electricity Interconnection 14 2.3 Methodology and Approach 18 2.4 Technical Feasibility of Increased Interconnection 26 2.5 Economic Feasibility of Increased HEC-CLP Interconnection 47 2.6 Consumer Bill and Tariff Impacts of Increased HEC-CLP Interconnection 55 2.7 Key Conclusions on Interconnection 62 3 FEASIBILITY OF THE INTRODUCTION OF ELECTRICITY SECTOR COMPETITION IN HONG KONG 65 3.1 Introduction 65 3.2 Local and Wider Context for Electricity Sector Competition 66 3.3 Evaluation of Four Market Structures Applied to Hong Kong 89 3.4 Detailed Consideration of Options Appropriate to Hong Kong 97 3.5 Key Conclusi