{"id":"hong-kong","rid":"HK","name":"Hong Kong","flag":"🇭🇰","group":"asia","type":"market","parent":null,"regions":null,"tier_range":null,"tier":4,"tier_name":"Constrained","score":46,"pillar_score":46,"pillar_tier":4,"pillar_tier_name":"Constrained","reliability":{"assessed":true,"level":"none","dock":0,"provisional":false,"confidence":"Med-High","delivery_transmission":{"level":"none"},"delivery_distribution":{"level":"none","measure":"measured","note":"Strong local delivery record on the utility's own published measure: CLP reports about 99.999% supply reliability, roughly 2.6 minutes of unplanned outage a year, on a small, dense system. This describes distribution performance, not the terms of a firm service contract.","sources":[{"label":"CLP supply reliability and power quality","url":"https://www.clp.com.hk/en/about-clp/power-transmission-distribution/supply-reliability-power-quality"}]},"forward_capacity":{"level":"none"},"read":"No reliability flags found","level_means":"reviewed; no reliability flags found in the record we examined"},"reliability_dock":0,"regulatory_momentum":null,"scheduled_changes":null,"queue":null,"friction":{"level":"Moderate","wait":"2-3 years","measure":"proxy","has_detail":true},"connection_pathway":null,"service_evidence":{"contractual_service_held":false,"local_capacity_state":"not_assessed","local_capacity_depth":0,"cost_basis":"administered","territory_count":0},"reliability_metrics":null,"forward_cost":null,"tariff":null,"realized_cost":{"low_usd_per_mwh":170,"mid_usd_per_mwh":188,"high_usd_per_mwh":210,"aggregation":"band","estimate_usd_per_mwh":null,"estimate_kind_note":null,"total_derivation":"compiled_band_allocated_across_categories","total_derivation_note":"The band is the compiled result and the component lines apportion its midpoint, which is why they sum exactly.","tariff_basis":null,"scenarios":null,"confidence":"administered","public_fragments":1,"contributed_points":0,"basis":"USD per MWh recurring, delivered to the standard 100 MW high-load-factor case, excluding customer-funded connection capital and excluding refundable taxes"},"cost_availability":{"label":"Standardized cost observable","means":"A comparable recurring-cost band can be built from observable, applicable inputs for the standard archetype.","user_action":"Use the band, with its stated confidence and boundary.","class":"standardized_observable","band_published":true},"cost_evidence_state":{"state":"applicable_evidence_incomplete","answerable":"conditionally","label":"Applicable, evidence incomplete","means":"The archetype can buy the service and the band is sound, but some published figures do not yet carry their own source, date, method and confidence.","remedy":"Finish the per-line provenance. No new access or negotiation is required.","also_holds":[],"vocabulary_version":"evidence-state-1.0"},"jurisdiction_evidence":null,"cost_structure":null,"cost_withdrawn":null,"cost_correction":null,"carbon_correction":null,"carbon_official_reference":null,"partial_cost_verified":null,"cost_pillar_calculation":null,"evidence":{"source_reliability":"Moderate","coverage":"Full","coverage_dimensions":3,"last_reviewed":"June 2026","measured_layers":2,"data_layers":3,"layers":[{"layer":"PGIQ Rating opinion","method":"opinion","vintage":"June 2026","freshness":"Current","source_url":"https://powergridiq.com/methodology"},{"layer":"Reliability review","method":"measured","vintage":"2025","freshness":"Fresh","source_url":"https://www.clp.com.hk/en/about-clp/power-transmission-distribution/supply-reliability-power-quality"},{"layer":"Connection friction","method":"proxy","vintage":"2025/26","freshness":"Fresh","source_url":"https://www.datacentre.gov.hk/en/accommodating_data_centres/power_supply.html"},{"layer":"Realized cost","method":"measured","vintage":"2026","freshness":"Fresh","source_url":"https://www.news.gov.hk/eng/2025/11/20251118/20251118_171441_586.html"}]},"outlook":"Stable","confidence":"Med-High","under_review":false,"thesis":"A government-supported finance and cloud data hub with a strong measured delivery record, but among the most expensive power anywhere, on a small, land-constrained system, which keeps it a friction market for a new large load.","pillars":{"access":42,"availability":55,"cost":25,"momentum":58,"carbon":40},"pillar_rationale":{"access":"Constrained access: severe land scarcity and a small system, though the government facilitates data centres and is upgrading the Northern Metropolis grid for AI density.","availability":"Strong local delivery record: CLP reports about 99.999% supply reliability, roughly 2.6 minutes of unplanned outage a year, on a ~7.2 GW system.","cost":"Very high cost: regulated Scheme-of-Control net tariffs run about 141 to 163 HK cents per kWh (~$180 to $210 per MWh).","momentum":"Moderate momentum: an established banking and cloud hub plus a government AI Supercomputing Centre, but a small overall market.","carbon":"Moderate-high carbon: gas and coal, with imported nuclear from Daya Bay."},"offtake_opportunity_index":87,"demand_hunger":53,"build_feasibility":65,"supplier_signals":null,"outlook_drivers":{"upgrade":["Northern Metropolis grid upgrades unlock AI-density sites.","More gas and imported low-carbon power lower the grid average."],"downgrade":["Land scarcity and high cost cap large new builds.","Tariffs stay among the highest in the region."]},"risks":["Very high power cost.","Land and space scarcity on a small system."],"peers":{"like":"Singapore and Taiwan (pricey, constrained hubs)","ahead":"on reliability","behind":"on cost and scale"},"sources":[{"label":"CLP and HK Electric 2026 tariffs (HK Government)","url":"https://www.news.gov.hk/eng/2025/11/20251118/20251118_171441_586.html"},{"label":"CLP supply reliability about 99.999%","url":"https://www.clp.com.hk/en/about-clp/power-transmission-distribution/supply-reliability-power-quality"},{"label":"Developing data centres in Hong Kong (HK Government)","url":"https://www.datacentre.gov.hk/en/accommodating_data_centres/power_supply.html"}],"latest_action":{"date":"June 2026","type":"New rating","note":"New rating: Tier 4 Constrained assigned.","trigger":null},"grid":null,"evidence_depth":{"use_case":"project_case","use_case_label":"Standardized Project Case","overall":"M1 Broad","overall_permits":"Directional only: supports discovery, comparison and monitoring, not a project decision.","insufficient_evidence":false,"unassessed_required_fields":[],"project_ready":false,"blocking_fields":["cost","connection","reliability"],"fields":{"cost":"M2 Compiled","connection":"M1 Broad","reliability":"M1 Broad","carbon":"M2 Compiled","regulatory":"not_assessed","local_capacity":"not_assessed"},"by_use_case":{"discovery":{"label":"Discovery and monitoring","matrix_version":"1.0","tier":"M1 Broad","ready":false,"blocking_fields":["cost","connection"],"insufficient_evidence":false,"why":""},"market_comparison":{"label":"Market comparison","matrix_version":"1.0","tier":"M1 Broad","ready":false,"blocking_fields":["cost","connection","reliability"],"insufficient_evidence":false,"why":""},"project_case":{"label":"Standardized Project Case","matrix_version":"1.0","tier":"M1 Broad","ready":false,"blocking_fields":["cost","connection","reliability"],"insufficient_evidence":false,"why":""},"project_case_carbon":{"label":"Project Case with a carbon requirement","matrix_version":"1.0","tier":"M1 Broad","ready":false,"blocking_fields":["cost","connection","reliability","carbon"],"insufficient_evidence":false,"why":""},"site_diligence":{"label":"Conditional site diligence","matrix_version":"1.0","tier":"not_assessed","ready":false,"blocking_fields":["cost","connection","reliability","local_capacity"],"insufficient_evidence":true,"why":"not assessed here: local capacity"}},"reliability_layers":{"bulk_historical":{"state":"unknown","method":null},"forward_adequacy":{"state":"unknown","method":null},"local_delivery":{"state":"unknown","method":null},"contractual_service":{"state":"unknown","method":null},"designed_site_resilience":{"state":"unknown","method":null}},"definition_version":"carbon_scope@1.0;connection_process@1.0;cost_archetype@1.0;evidence_tiers@1.0;reliability_layers@1.0","scale":"M1 broad / M2 compiled / M3 project-ready / M4 local; cumulative, so each tier includes the ones below it. Assigned per field from held evidence with provenance. Not a rating strength, confidence score or feasibility conclusion."},"next_review":"2026-12-15","report_url":"https://powergridiq.com/rating/hong-kong","as_of":"June 2026","evidence_layers":{"version":"evidence-layers-1.0","band":{"state":"estimated","label":"Estimated","means":"The band is an analyst estimate against a stated reasoning, not a sourced figure.","reproducible":false},"component":null,"cost_pillar":{"state":"analyst_assessment","label":"Analyst assessment","means":"The score is a judgement recorded with a written cost-specific rationale. It is not calculated from a formula and does not claim to be.","reproducible":false},"layers_are_independent":"Band, component and cost-pillar evidence are separate judgments. A market may have a sound, applicable band and an illustrative component breakdown at the same time. Do not read a component-evidence limitation as a statement about the band."}}