HK Electric to cut fuel charge for first time in 4 months as CLP raises rate
HK Electric customers are set to pay less for electricity in October after the Hong Kong supplier cut its fuel charge for the first time in four months, but it warned that international energy prices remained volatile. CLP Power, the city’s other electricity supplier, will raise its energy prices next month. HK Electric, which mainly supplies Hong Kong Island and Lamma Island, said on Friday that…
In October, HK Electric, the primary electricity provider for Hong Kong Island and Lamma Island, will reduce its fuel charge for the first time in four months by 1.4 HK cents to 59.3 cents per kilowatt hour. This comes as CLP Power, which serves Kowloon and the New Territories, plans to increase its fuel adjustment charge by 1.1 cents to 46.2 cents per kWh.
The changes reflect the fluctuating international energy prices, with CLP noting that its fuel charge for October will be influenced by fuel costs from June to August. Despite the rate adjustments, both companies are committed to minimizing the impact of fuel price volatility on customers, offering subsidies and rebates to alleviate financial burdens on households.
Written by urgent.news from South China Morning Post - Hong Kong's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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