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Homework answers / question archive / Identify the types of market structure of the Electricity sector and Supermarket sector in Hong Kong
Identify the types of market structure of the Electricity sector and Supermarket sector in Hong Kong. Compare and contrast the two types of market structure.
Energy sector in hong kong:
Energy in Hong Kong refers to the type of energy and its related infrastructure used in Hong Kong. Energy is crucial for the development of trade and industries in Hong Kong with its relatively small usable land.[1] Hong Kong mostly imports its energy from outside or produces it through some intermediate process.[2
Energy sources in hong kong :
Coal
Most of the imported coal to Hong Kong are mainly used for electricity generation. Indonesia was the major supplier of steam coal and other types of coal imported to Hong Kong in recent years which accounted for 94.5% of total coal imports in 2012.[2]
Natural gas
Natural gas was firstly introduced for electricity generation in Hong Kong in 1996.[3]
Nuclear
Main article: Nuclear energy in Hong Kong
Hong Kong has no indigenous supply of nuclear energy and there is no nuclear power station in the territory. However, Hong Kong has imported electricity from Mainland China from the Daya Bay Nuclear Power Plant in Shenzhen, Guangdong since 1994.[3]
Hydro
Hong Kong has one hydropower plant in Tuen Mun coupled with a water treatment plant, but otherwise lacks rivers with significant flow to generate hydropower.
Oil
Oil products imported to Hong Kong have always mostly come from Singapore. Singapore accounted for 75.8% of fuel oil imports and 75.4% of unleaded motor gasoline imports. Mainland China and Macau are the two largest destination for oil products re-exporting from Hong Kong.
Solar
Hong Kong has been using solar energy over the past 20 years. As of 2013, there is a 1 MW installed capacity of photovoltaic at Lamma Power Station, doubling its size from 550 kW since its first commissioning in July 2010.[5]
Wind
Hong Kong has a very small scale of wind power generation since early 2006, which is the Lamma Winds at Lamma Island with an installed capacity of 800 kW. In March 2013, HK Electric has just completed the full-year wind measurement for a proposal of offshore wind farm project in Southwest Lamma Island.
Energy-related companies of Hong Kong are:
China Resources Petroleum Company Limited
CLP Group
The Hong Kong and China Gas Company
Hongkong Electric Company
Kunlun Energy
supermarket in hong kong :
Hong Kong Supermarket is an Asian American supermarket chain started in the San Gabriel Valley region of Southern California. It operates mainly in the newer suburban overseas Chinese communities, particularly in the Los Angeles, Philadelphia, and New York City areas.[citation needed] Hong Kong Supermarket specializes mainly in imported Asian groceries. Many items are from Mainland China, Hong Kong, Macau, Japan, South Korea, Thailand, Taiwan, Vietnam, Indonesia, and the Philippines.
The supermarket caters to a specific customer base. The first store in Monterey Park, California, was a popular destination for Mainland Chinese emigres, and the Hong Kong Supermarkets in New York City focus on Mainland Chinese immigrant customers (large community of mainlanders in Brooklyn).[citation needed]
Hong Kong Supermarket was established in 1981 by Jeffrey Wu with its former flagship store located in Monterey Park, California, where it is still among the popular Asian supermarkets, and is headquartered in New York City. It is currently owned by Jeffrey Wu (???) and his wife, former Hong Kong actress Veronica Yip.[citation needed] In Southern California, its main competitors were 99 Ranch Market and Shun Fat Supermarket. In the New York City area, it competes with Kam Man Food, Good Fortune Supermarket, New York Mart, and Great Wall Supermarket. In Boston, it competes with Kam Man, H Mart, and C-Mart.
In 2009, Hong Kong purchased Super 88, an Asian supermarket chain which had already closed three of its six stores in 2008, citing poor sales.[1] Super 88 had also faced increasing competition and a $200,000 settlement after violating state wage and hour laws.[2]
The chain sold much of its stores to the Good Fortune Supermarket chain.