By South China Morning Post | Created at 2024-11-19 10:35:11 | Updated at 2024-11-19 12:21:34
2 hours ago
Hongkongers will have to pay nearly 1 per cent more for electricity next year, the city’s two power companies have said, after cutting prices by as much as 16 per cent last year.
Residential bills for CLP Power’s customers would increase from January by 0.98 per cent compared with a year ago while those for HK Electric users would rise by 0.9 per cent, the companies revealed on Tuesday.
CLP Power, which serves Kowloon, the New Territories and Lantau Island, said it would increase its basic tariff by 1.44 per cent to 98 HK cents per kilowatt-hour (13 US cents per kWh) and keep its fuel charge unchanged at 46.3 cents per kWh, resulting in an overall increase of 0.98 per cent.
HK Electric, which serves Hong Kong Island and several outlying islands, said it would increase its basic rate by 3.4 per cent to 122.9 cents per kWh. However, it would cut the fuel charge to 44.1 cents per kWh, down 4.1 per cent due to stabilising fuel prices. That amounts to an overall increase of 0.9 per cent compared with this month’s prices.
The power providers last adjusted their prices in 2023, with CLP Power noting residential bills would be 7.4 per cent lower and those for HK Electric would be 16 per cent cheaper starting in January compared with a year ago, after taking into account falling fuel prices.
The electricity price in Hong Kong comprises three parts: a base rate, a fuel cost surcharge and a rebate.
