2018 Renewable Energy Feed-in Tariff- May 22, 2018
2018 Renewable Energy Feed-in Tariff
To combat climate change and promote a greener tomorrow, starting from 1 Oct 2018 (CLP) / 1 Jan 2019 (HK Electric), solar power owner can sell electricity at $3 to 5 per kwh (depending on the power scale), which is much higher than current electricity price of about $1 to 1.5.
Such scheme lasts for 15 years until 2033, and limiting to 7 years to breakeven the installation cost of solar power system, the owner can profit another 8 years with high price (~14% per annum) and afterwards continue earning with normal electricity price.
Buildings Energy Efficiency Ordinance which is to come into full operation from 21 September 2012 onward- September 21, 2012
About 90% of total electricity consumption in Hong Kong is contributed by buildings. Through enhancement of building energy efficiency, greenhouse gas emissions can be effectively reduced. In October 1998, the Electrical and Mechanical Services Department has launched the voluntary Hong Kong Energy Efficiency Registration Scheme for Buildings to promote the application of Building Energy Code. To further promote building energy efficiency, the Government enacted the Buildings Energy Efficiency Ordinance (the Ordinance) which is to come into full operation from 21 September 2012 onward (Note: Registration under the voluntary Scheme is not regarded as having complied with the Ordinance).
The 3 key requirements of the Ordinance
The developers or building owners of newly constructed buildings should ensure that the 4 key types of building services installation therein, namely, air-conditioning installation, lighting installation, electrical installation as well as lift and escalator installation, comply with the design standards of the Building Energy Code (BEC).
The responsible persons (i.e. owners, tenants or occupiers etc.) in buildings should ensure that the 4 key types of building services installation therein comply with the design standards of the BEC when “ major retrofitting works ” are carried out.
The owners of commercial buildings (including the commercial portions of composite buildings, e.g. shopping malls under residential storeys) should carry out energy audit for the 4 key types of central building services installation therein in accordance with the Energy Audit Code (EAC) every 10 years. (Note: If energy audit has already been carried out in advance before 21 September 2012, please click here for the transitional arrangement).
Soft Reminder :
The statutory requirement for compliance with the BEC (currently BEC 2012 Edition) applies to all major retrofitting works completed on or after the full operation date of the Ordinance, irrespective of the commencement date of the works. In other words, even the major retrofitting works are commenced before 21 September 2012, they are required to comply with the new BEC 2012 Edition if they are completed on or after 21 September 2012. If the responsible person of the major retrofitting works has difficulties to comply with certain requirements of the BEC 2012 Edition, the responsible person may apply, with justification, to EMSD for exemption from those particular requirements pursuant to section 20 of the Ordinance. Please click here for the application form for exemption (Form EE-EX).
Pursuant to Schedule 5 of the Ordinance, the first energy audit for an existing commercial building or the commercial portion of an existing composite building with the occupation approval of that building issued on or after 1 January 1988 should be carried out not later than 20 September 2013. If there are difficulties for an existing building with the occupation approval issued on or after 1 January 1988 to have the first energy audit carried out on or before 20 September 2013, the relevant building owner may consult the EMSD.