The epidemic has lasted for nearly two years, and the economic trauma has not yet recovered.
However, energy prices have soared and gas-fired power generation costs have also increased, putting pressure on electricity tariffs to increase. Some environmental protection groups had earlier predicted that the increase might reach double digits.
The government conducted an annual electricity tariff review with the two power companies today (9th). The news pointed out that starting from January of this year, the two power companies will increase by about 6% to 7%.
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Electricity charges are composed of basic electricity charges and fuel price clause charges. The former covers the operating expenses, basic fuel costs and profits of the power company; the latter reflects the changes in fuel prices and is paid by the user to the power company in the form of reimbursement.
According to the current "Control Agreement" mechanism, the two power companies can earn an 8% return. The annual fuel adjustment fee announced by the electricity tariff review will only be guaranteed for the first two months of next year. The subsequent monthly fuel costs are based on the actual fuel consumption in the past three months. The average price calculation means that it will fluctuate with market conditions.
Affected by the surge in international energy prices in recent months, the fuel adjustment fees of the two power companies have risen sharply, and the electricity bills have also increased.
CLP’s annual fuel adjustment fee this year was 28.1 sen. However, except for March when it was slightly lower than that level, it rose in all subsequent months. In November, it soared to 35.4 sen, an increase of about 26%; and the HEC’s annual fuel adjustment fee this year The adjustment fee was 17.4 sen, which was below this level from March to July, and then the price gradually increased, reaching 29.5 sen in November, an increase of about 70%.
Calculating with 300 kilowatt-hours of electricity a month, the electricity bill of CLP users in November increased to 380.6 yuan, an increase of 6.4% compared to January; the electricity bill of Hong Kong Electric users rose to 311.55 yuan in November, an increase of 13.2%.
Some government subsidies will expire in the middle of next year
However, benefiting from the government's electricity tariff subsidies, the public may not feel too strongly about the price increase.
The government started to implement a new round of electricity subsidy in June this year. For 11 consecutive months, it will inject an electricity fee subsidy of 80 yuan into the residential electricity user accounts on the first day of each month, and inject an electricity fee subsidy of 120 yuan on the 12th month, for a total of 1,000 yuan.
Together with the current electricity bill relief of $50 per month, the public still enjoys a subsidy of at least $130 per month.
If the user's monthly subsidy is exhausted, the subsidy will fall back to 50 yuan as soon as June next year.
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