The price of Hong Kong’s energy set to rise again, the unlinkable SCMP reported (9 May 2012) from the China Light and Power shareholders meeting held on 8 May 2012.
Of course, the HKSAR’s 2015 reduced emissions target will demand generators to burn cleaner fuel, but we are not alone. Following Fukushima global demand for cleaner fuel is increasing Germany and Japan have ceased nuclear generation driving the demand and cost for clean fuel higher and with it the cost of electricity.
However, electricity is a manageable not a fixed cost, most building in Hong Kong have opportunities to lower their operating cost, the worst performers will save millions. Optimising the HVAC and the lighting systems yields the fast results, it depends on the extent of the investment.
For example, we audited a building in Hong Kong, and quickly identified a HK$ 670,000 per year saving with ZERO capital expenditure! the opportunities exist.
— John Herbert, Consultant