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Written by: Golden Chess
2019-12-10 13:51
Last updated: 2019-12-10 13:51Electricity tariffs will be increased next year. CLP and HK Electric will announce the review of next year's electricity tariffs in the Legislative Council this (10th) afternoon. It is reported that the two power companies will increase by less than 5% next year. However, taking into account the government ’s last year ’s HK $ 50 per-month electricity tariff relief plan, coupled with the government ’s August launch of another HK $ 160 per household electricity fee subsidy, some users ’subsidies can offset the increase in electricity bills next year.
It is understood that the electricity tariff increase of CLP and HK Electric will be less than the five-year development plan forecast, that is, CLP is less than 5.9%, and HK Electric is less than 8.9%.
At the meeting of the Legislative Council Panel on Economic Development today, the two power companies announced the results of their annual electricity tariff review next year. It is reported that due to the increase in the use of natural gas by the two power companies in the future, it is expected that natural gas consumption will account for half of the fuel mix next year. With the increase in fuel costs, the overall electricity costs will also increase.
The two power companies announced on Tuesday that electricity fee review scholars are expected to increase about 7% government subsidies or offset the increase
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