Hong Kong’s two main power providers – CLP Power Hong Kong and Hongkong Electric Company – have announced modest adjustments to electricity tariffs, balancing the need for infrastructure investment and emission reduction against affordability concerns.

CLP’s average net tariff will decrease to 140.6 cents per kWh from 144.3 cents, a reduction of approximately 2.6 percent. This change consists of a 3.2 cents increase in the basic charge and a 6.9 cents decrease in the Fuel Clause Charge (FCC).

Meanwhile, HK Electric's average net tariff will drop by 3.7 cents or 2.2 percent to 163.3 cents per kWh from 167 cents, resulting from a 5 cents rise in the basic charge and an 8.7 cents reduction in the FCC.

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Announcing the tariff cut at a press conference in the city, CLP Power’s Managing Director Joseph Law Ka-chun emphasized his company’s commitment to a diversified fuel mix, including increasing natural gas usage and reducing coal consumption to lower carbon emissions.

HK Electric's Chief Executive Officer Francis Cheng Cho-ying said the company has to upgrade equipment and strengthen operation to cope with challenges from extreme weather.