Security of supply has been maintained at over 99.999%, which is above the service standards promised by HK Electric. Gas-fired power plants produced about 20% of the electricity produced by the Lamma plant, with the rest produced by coal-fired power plants. The SCA scheme has proven to be a simple, lightweight and inexpensive instrument to fully achieve the government`s energy objectives of ensuring a safe, reliable and environmentally friendly supply of electricity at a reasonable price. It provides HK Electric with the necessary security for timely and sufficient long-term infrastructure investments, as well as the flexibility in the efficient and efficient management of its electricity supply activities. Despite various energy-saving initiatives, electricity sales increased by 0.5% following a warmer summer. The number of residential and commercial customers increased slightly, while the number of industrial customers decreased. Companies` returns are also limited to an allowed percentage as a percentage of their fixed assets. HK Electric`s activities are governed by a bilateral agreement – Scheme of Control Agreement (SCA) – with the Government of the Hong Kong Special Administrative Region (the Government). The agreement provides the government with a framework to monitor the company`s financial affairs and operational performance. Australia`s power distribution operations in Southern Australia and Victoria had a year of strong sales growth, while Stanley Power posted stable returns in Canada.
In New Zealand, HK Electric benefited from the first full year of operation of the Wellington Electricity distribution network from 50% of the company. All the while, electricity was supplied to Hong Kong by CLP and HEC. Both energy companies own their respective electricity supply chains, including generation facilities, transmission and distribution networks. . . .