The Government announced a 4.4% increase in HK Electric's basic electricity charges, but together with the reduction in the Fuel Adjustment Charges, the net electricity charges decreased by 16% year-on-year. CLP's basic tariff increased by 3.1%, but net tariff decreased by 7.4% year-on-year due to lower fuel adjustment charges. As a result, the electricity bills paid by the public have been reduced compared to January last year.


Electricity tariff adjustment|CLP Electricity Tariff Reduction is in the single digits year-on-year HK Electric decreases by double digits

▼11/27 Sham Shui Po <>,<> Lights after sunset▼


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The net electricity charges paid by the public are comprised of the basic tariff and the monthly fuel adjustment fee, and the infrastructure investment of the two power stations will also affect the basic tariff. International fuel prices continued to soar last year, and in January this year, CLP increased the price of new electricity by about 1.19% year-on-year and HK Electric by about 8.45%. As at end-June, CLP and HK Electric remained in debt of $6.6 billion and $20.7 billion respectively in the fuel price adjustment clause accounts.

However, HK Electric and CLP have lowered their fuel adjustment charges (CFS) for six consecutive months since the middle of this year, but according to previous announcements by the two power companies, HK Electric will build an offshore wind farm in the southwest waters of Lamma Island, while CLP will develop a 6 MW offshore wind farm in the southeast waters of Hong Kong, which will be included in their next five-year development plans.

According to the previous announcements of the two power companies, HK Electric will build an offshore wind farm in the southwest waters of Lamma Island, and CLP will develop a 200 MW offshore wind farm in the southeast waters of Hong Kong as part of their next five-year development plans.

On the eve of the announcement, the two power companies issued more than 5000 million cash coupons to support grassroots measures