Transcript of remarks by SEN
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Reporter: Mr Wong, how likely the new scheme, will, you know, lead to an increase in electricity tariff?
Secretary for Environment: As said earlier, we estimated that the implication on tariff should be acceptable and minimal. On one hand, we see the limitation on internal space for renewable energy application in Hong Kong, given our high density context. While we are going to introduce the Feed-in Tariff that will be conducive to more applications, the overall impact on the tariff is estimated to be minimal. At the same time, we introduce the renewable energy certificate that would help to reduce the burden on the overall tariff, and would like to see more low carbon transformation in Hong Kong. So we would like to see more people to apply for the Feed-in Tariff. At the same time, based on our earlier consultation with the public, the majority response was that they would be able to accept, say, around 5 per cent increase in the tariff, or even some would support a 10 per cent increase. But based on our latest estimate, the tariff implication will be far lower than that, probably less than 1 per cent. So based on the public opinion, I think it should be acceptable.
(Please also refer to the Chinese portion of the transcript)
Ends/Tuesday, April 17, 2018
Issued at HKT 21:04
Issued at HKT 21:04
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