中華電力有限公司
CLP Power Hong Kong Limited
12 December 2017
CLP Power Announces 2018 Tariff Adjustment
CLP Power Hong Kong Limited (CLP Power) today (12 December) announced that the
Average Net Tariff will be adjusted to HK$1.154 per unit of electricity in 2018.
From 1 January 2018, the Average Basic Tariff will be increased by 2.3 cents per unit
to 94.5 cents per unit of electricity, while the Fuel Cost Adjustment will be increased
by 1 cent to 22 cents. With the offering of the Rent and Rates Special Rebate, the
Average Net Tariff will therefore become HK$1.154 per unit of electricity, equivalent
to an adjustment of 1.9%. CLP Power will continue to offer the Energy Saving Rebate
Scheme to help customers with low consumption levels and to encourage energy
conservation.
Mr TK Chiang, Managing Director of CLP Power said, “We attach great importance to
customers’ concerns about the tariff impact and have taken a prudent approach in
cost management in order to keep our tariff at a reasonable level. We lowered our
tariff in 2016, froze the tariff in 2017, and we have returned a total of HK$2 billion in
special fuel rebates to customers in 2015 and 2017. In 2018, we are adjusting the
average net tariff by a slight increment despite the pressure of continuing inflation
and increasing fuel costs.”
In 2012 and 2013, CLP Power had returned to customers the refund received from
government in respect of the Rent and Rates appeal, via the Rent and Rates Special
Rebates totalling $1.6 billion. In 2018, CLP Power will make a similar rebate at 1.1
cents per unit according to the estimate of the potential further refund to be
received from government in respect of the appeal.
In support of the government’s environmental policy of increasing gas-fired power
generation to about 50% of the fuel mix in 2020, CLP Power is constructing a new
gas-fired generating unit at Black Point Power Station. The project is on schedule and
the unit is expected to go into operation by 2020.
The company is in the meantime seeking out new sources of gas to enhance our
supply security. The supply of piped gas from the Wenchang gas field in the South
China Sea will be available to Hong Kong by the second half of next year. An Offshore
Liquefied Natural Gas Terminal in Hong Kong waters is meanwhile in the final stages
of an Environmental Impact Assessment. Subject to government’s approval, it is
expected to go into operation in 2020 and will further enhance Hong Kong’s
competitiveness in sourcing natural gas.
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Mr Chiang said, “CLP Power is actively preparing for the commencement of the new
Scheme of Control Agreement. Two of the features we are introducing to encourage
community participation in developing renewable energy are Feed-in Tariff and
Renewable Energy Certificates. More new energy-saving programmes will also be
launched. Our aim is for all sectors of the community to achieve energy saving with
the help of these initiatives which aim to address climate change and help turn Hong
Kong into a greener and smarter city.”
2018 Tariff Table
Tariff Component 2017 Tariff Change 2018 Tariff
(cents per unit) (cents per unit) (cents per unit)
Average Basic Tariff 92.2 +2.3 94.5
Fuel Cost Adjustment 21.0 +1.0 22.0
Rent and Rates Special - -1.1 -1.1
Rebate
Average Net Tariff 113.2 +2.2 115.4
(+1.9%)
* The tariff adjustment will take effect from 1 January 2018 under the existing
Scheme of Control Agreement which will expire on 30 September 2018.
CLP Power will publish details of the announcement of its new tariff and Rent and
Rates Special Rebates on its website (www.clp.com.hk) and in newspaper
advertisements. Customers will also receive information directly from CLP Power in
the coming weeks.
Supplementary information can be downloaded from the following link:
Presentation document submitted by CLP Power to Legislative Council Panel on
Economic Development Meeting on 12 December 2017
About CLP Power Hong Kong Limited
CLP Power Hong Kong Limited ("CLP Power") is the Hong Kong utility subsidiary
wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock
Exchange and one of the largest investor-owned power businesses in Asia. CLP
Power operates a vertically integrated electricity supply business in Hong Kong, and
provides a highly reliable supply of electricity and excellent customer services to 6
million people in its supply area.
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