I raised the topic of the amazingly abundant electricity in Hong Kong to my boss, who has lived in Hong Kong for more than 30 years now, and another long-term expat, and they seemed to recall one power outage in and around 1990, in which the Hong Kong Exchange even shut down. I tried to do some research on the web on this incident, but turned up with nothing — so if anyone out there who can hear me can be of help, I’d love to hear the story!
I also discussed how incredibly cheap electricity seems to be in Hong Kong, to which my boss attributed that mainly to it being operated privately, though highly regulated. In contrast, he offered up the Phillippines, where electricty is a complete mess – and indeed, according to that chart I found yesterday, quite expensive, especially for such a poor nation!
Generally lots of government operations in Hong Kong are privately run — the MTR, the busses, and apparently, even the utilities. All these things are done pleasantly well. It’s too bad I don’t ever see the MTA in NY going private. I definitely think it would save us all a lot of agony!