CLP CEO on Earnings, Business Strategy, Nuclear Power

The transcript discusses the economic impact of social unrest and the coronavirus on Hong Kong's electricity sector, noting minimal immediate effects but potential long-term slowdown. It provides updates on coronavirus cases in China, particularly Hubei, and examines business indicators like power consumption. The discussion covers industrial activity recovery, power price cuts, and investment in nuclear energy in China and Hong Kong. It concludes with an analysis of Australia's energy policy, emphasizing the need for consistent decarbonization efforts and competitive pricing.

What was the initial impact of social unrest and coronavirus on the electricity sector in Hong Kong?

• Minimal impact on electricity sales

• Increase in electricity sales

• Significant decrease in electricity sales

• Complete shutdown of electricity services

As of February 24th, how many additional coronavirus cases were reported in Hubei province?

• 499

• 750

• 1000

• 250

What is the main challenge in assessing the economic impact of the coronavirus at this stage?

• Consistent power consumption

• Stable economic indicators

• Complete data from all provinces

• Lack of data beyond January and February

What measure has the central government in China announced to help virus-affected regions?

• Increase in electricity prices

• 5% drop in electricity prices

• Tax increase

• Subsidies for large businesses

What is the primary focus of Hong Kong's low carbon electricity supply?

• Hydroelectric power

• Natural gas and nuclear power

• Coal and oil

• Solar and wind energy

What is the main objective of the energy policy in Australia according to the transcript?

• Focus on price reduction only

• Increase in coal usage

• Complete reliance on nuclear energy

• Decarbonization and competitive pricing

What is the challenge faced by the Australian energy policy?

• High consumer prices

• Over-reliance on renewable energy

• Lack of focus on environmental performance

• Consistent and predictable policy