Power suppliers raise fuel charges for September
Local electricity bills will rise in September as both the city's two main power suppliers hike fuel adjustment charges. CLP Power has set its fuel adjustment charge at 45.1 cents per unit of electricity for September, a marginal rise of 0.1 cent from August. According to a company spokesperson, the adjustment primarily reflects shifts in actual fuel prices observed over the past three months. To…
Electricity customers in Hong Kong will see their September bills increase due to power suppliers raising fuel charges. CLP Power raised its fuel adjustment charge to 45.1 cents per unit, a slight 0.1 cent increase from August. The rise primarily reflects changes in actual fuel prices over the past three months. To offset the impact, CLP is offering a three-month special fuel rebate of eight cents per unit to qualifying residential customers, bringing the effective fuel charge down to 37.1 cents per unit for many households.
HK Electric also increased its fuel clause charge (FCC) by 3.4 cents to 60.7 cents per unit in September. This adjustment is based on the deferred effects of fuel costs from May to July. When combined with the basic tariff, HK Electric's average net tariff for September reaches 188.6 cents per unit, a 1.8 percent increase from August.
To help smaller households, HK Electric is providing a special electricity subsidy of eight cents per unit for customers using 450 units or less per month, in effect from August to October. This subsidy helps offset the bill increase for qualifying households. Spot prices for liquefied natural gas (LNG) have more than doubled since geopolitical tensions began, and fuel costs are being passed through via the FCC mechanism, so consumers can expect the fuel adjustment charge to remain high in the coming months.
Written by urgent.news from RTHK News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
