CLP and Hong Kong Electric told a Legislative Council panel meeting that while the basic tariffs will increase, this will be offset by a drop in fuel costs, and overall charges will therefore be frozen. New Territories and Kowloon households will continue to pay about HK$1.22 for each unit of electricity they use, while it will be HK$1.26 for those living on Hong Kong Island. "To tackle climate change, Hong Kong needs to reduce carbon emission and the power companies invested a lot in this. They are under a lot of pressure to raise tariffs. But we managed to strike a balance between anti-epidemic and environment and having the [net] tariffs frozen is something we fought hard for," Wong said.

Source: The Standard November 10, 2020 11:03 UTC