10th December 2019 – (Hong Kong) Hongkong Electric Company and CLP Group announced today that they will raise their electricity tariffs in the coming year. Both Hongkong Electric Company and CLP Group will table their electricity tariff adjustment proposal to the Panel on Economic Development during the Legislative Council meeting this afternoon. It is understood that the tariff increment of the two power companies will be lower than the predicted increase in the 5-year development plan. It was announced that the tariff increment by CLP Group is 5.2% while Hong Kong Electric Company will increase their tariff by 2.5%.
Last year, the government introduced an Electricity Charges Relief Scheme to alleviate the impact of tariff increase on residential households. The Government granted each eligible residential electricity account a maximum electricity charges relief of $3,000 over 60 months (i.e. $50 per month), commencing from January 2019.
In August this year, the government granted another electricity charges relief of HK$2,000 to each residential household.