Hong Kong's 2014 power tariffs get go ahead

Rate for CLP Power to rise 3.9%.

According to a release, the Government approved the 2014 electricity tariff review today. Hongkong Electric’s average net tariff rate will remain unchanged, while that of CLP Power will rise 3.9%.

The review was approved as part of the power companies' 2014-18 development plans.

Secretary for the Environment KS Wong said the Government critically reviewed the utilities’ proposals and accepted only those on capital projects which are necessary to ensure a reliable, safe and environmentally friendly electricity supply at reasonable costs.

After detailed discussions, Hongkong Electric's originally proposed capital expenditure in the 2014-18 development plan was reduced by 49% from $25.4 billion to $13 billion, while CLP’s was reduced by 21% from $43.3 billion to $34.1 billion.

Mr Wong said the Government has asked the companies to reduce the pressure on tariffs in the coming years.

The Government will later consult the public about different fuel mixes and their cost and environmental implications, and safety and security.

Also Read

What is the future of gas in Australia's energy market?

Vietnam’s weak grid a barrier to direct power purchase policy

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit