The Limited Times

Now you can see non-English news...

Electricity fee ︱ How did CLP Hong Kong Electric add 19.8% and 45.6% shrink to 6.4% and 5.5%?

2022-11-22T23:13:08.460Z


The price of electricity tariffs for next year was unveiled yesterday (22nd). The Environmental Bureau pointed out that the new electricity tariffs of the two power companies in January next year will increase by about 6.4% for CLP and 5.5% for Hong Kong Electric compared with November this year. However, if you continue to use the previous year for the fee increase


The price of electricity tariffs for next year was unveiled yesterday (22nd). The Environmental Bureau pointed out that the new electricity tariffs of the two power companies in January next year will increase by about 6.4% for CLP and 5.5% for Hong Kong Electric compared with November this year.

However, if we continue to use the January data of the year before the tariff increase, that is, calculate it on an annual basis, the net electricity tariff of China Power will increase by about 19.8% in the new year, and that of Hong Kong will increase by about 45.6%. 4 times and 6.5 times.


The net electricity fee includes the basic electricity fee and the monthly fuel adjustment fee, which is the cost of using coal, natural gas and fuel oil for the two electricity.

Citizens have continued to pay higher electricity bills this year, driven by a sharp rise in fuel adjustment charges.

Compared with the low and stable level in previous years, CLP’s fuel adjustment fee per kilowatt-hour has increased by 40% this year, from 38.6 cents to 54.8 cents per kilowatt-hour; Hong Kong Electric’s fuel adjustment fee per kilowatt-hour is even more exaggerated. From 27.3 cents to 78.8 cents, an increase of 1.9 times.


Electricity charges are composed of basic electricity charges and fuel price clause charges. The former covers the power company’s operating expenses, basic fuel costs and profits; the latter reflects changes in fuel prices and is paid by users to the power company in an actual reimbursement manner.

▼HK Electric and CLP announced the 2023 electricity tariff on November 22▼


CLP Freezes Basic Tariff HK Electric Adds 5%

Comparing CLP's annual fees in 2022 and 2023, the basic electricity fee remains at 93.7 cents per kilowatt-hour, but the fuel surcharge increases from 38.6 cents per kilowatt-hour in January this year to 62 cents per kilowatt-hour in January next year. increased by about 60%.

After deducting rebates, the average net electricity bill increased from 128.9 cents per kWh in January to 154.4 cents in January next year, an increase of 19.8%.

According to past records, the increase in electricity bills in 2022 will only be 5.8%, which means that the increase next year will be about four times that of this year.

For Hong Kong Electric, the increase in electricity charges is even more exaggerated. Among them, the basic electricity charge has increased from 109 cents per kilowatt-hour to 114.5 cents, an increase of about 5%, and the fuel surcharge has increased from 27.3 cents per kilowatt-hour in January to January next year. Increased to 82.5 cents, an increase of nearly three times.

HK Electric has no rebates this time, and the final average net electricity bill was 197 cents per kWh, a 45.6% increase from 135.3 cents in January this year.

Referring to past records, the increase in 2022 will be 7%, that is, the increase next year will be about 6.5 times that of this year.

+1

A total of 4 billion citizens will have to pay back the fuel bills of the two electricity bills sooner or later

The sharp increase in fuel surcharges is related to the sharp rise in international energy prices in the past two years. According to the annual reports of the two power companies, the fuel accounts of the two power companies are still negative, of which HK Electric is negative 1.3 billion yuan, and CLP is negative 2.7 billion yuan. The two electricity companies use about 4 billion yuan to advance the fuel bills of the citizens, so the electricity bills need to be adjusted to maintain the 8% allowable profit.

Xie Zhanhuan, Secretary of the Environment Bureau, said that during the negotiation process with the two power companies, they asked the two power companies not to consider making full use of the 8% allowable return stipulated in the "Profit Control Agreement", "but the two power companies disagree", he said that in the spirit of the contract Next, "If you don't agree, you must respect the spirit of the contract."

In addition, natural gas is currently used as the main fuel for power generation in Hong Kong. Although it is more environmentally friendly than coal, the cost is also higher. Therefore, the electricity bill will also increase as the proportion of natural gas used increases.

The two power companies are building a seawater LNG terminal. Yu Yuancheng, CEO of the World Green Organization, expects to find cheaper natural gas after completion. However, he pointed out that the cost of building a seawater LNG terminal will also be reflected in the increase in electricity bills.

Electricity fee increase|CLP increases tariff by 19.8% year-on-year, Hong Kong Electric increases tariff by 45.6% to earn 8% allowable return Electricity fee increase|Net electricity price hits a new high and the group expects to continue to increase electricity fee in the future because citizens still owe two electricity companies 4 billion Electricity fee increase|Maximum annual increase 45.6% The key to throwing away the manual increase is the charge!

Increased electricity bill|Subdivided households have a monthly electricity bill of more than $500, and it is difficult to save: I have already saved enough to save more. Added electricity bill|It is not only the increase in household electricity bills, restaurants, gyms, and electric car charging. There is pressure to increase electricity bills|Lin Chaoying 5 ways to save electricity

Source: hk1

All news articles on 2022-11-22

You may like

Trends 24h

News/Politics 2024-03-27T16:45:54.081Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.