The government has launched a public consultation on how to develop the electricity market. This is a follow-up public consultation on the future fuel mix for electricity generation in last June. The last consultation collected over 86,000 submissions, the majority of which supported local generation by natural gas. This is good news for OpEd readers who want to become engineers in the future, because it means more gas-fired power generation units will be built locally. These projects will needs lots of engineers to design, manage and commission the new facilities. This means a lot of great opportunities for young engineers to develop their technical skills. Unlike a lot of industries, engineering has a certain future, so it’s definitely a career path worth considering.
One of the key objectives of the current consultation is whether or not to introduce competition. This is a tricky area. Local economists and politicians often advocate competition in the electricity market, claiming that the competitive market brings prices down. But the reality in many developed countries and cities with open markets is that while electricity is more expensive than Hong Kong, the reliability of their power supply is worse than