Electricity bills in Hong Kong will increase by as much as 7 per cent beginning on January 1, the city’s two power companies have revealed.
The rate rises were widely expected with fuel costs increasing globally and natural gas, now the city’s main power generation source, jumping in price by 65 per cent in the first half of the year.
Customers of CLP Power and HK Electric will pay an extra 5.8 per cent and 7 per cent in the new year respectively. The companies said they drew on various funds to keep the increases as low as possible.
A three-person household paying on average HK$275 per month would see an increase of HK$20 to HK$24 next year.
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