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Hong Kong Utilities Agree to Link Rates to Pollution




Hong Kong

Jan 7, 2008 - Hong Kong - "Hong Kong's two electric power companies agreed ... to ...rate of return on assets based partly on how much pollution they emit, an approach that could someday be a model for mainland China's ..."CLP Castel Peak Power Plant - Hong Kong

"If either company exceeds regulatory limits for any pollutant, then it would be required to charge less for its electricity, reducing its allowed rate of return  ...[if] manage to cut their pollution by even more than required, then they raise prices so as to earn bonuses ...on their rate of return. A complicated calculation also allows them to charge slightly more for electricity as they make progress in using more renewable energy."


 

Via:  International Hearald Tribune Link 

 

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Category: Power generation



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