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CLP’s sales to the residential sector in Hong Kong grew 10.5 per cent due to a higher heating and dehumidifying load in the first quarter and an increased cooling load in the second and third quarters. Photo: Sam Tsang

New | Hot summer sees Hong Kong lead way in CLP electricity sales

CLP Group
Sophie Yu

CLP’s electricity sales in the first nine months of the year to Hong Kong and mainland China increased 2.7 per cent year on year to 26,613 gigawatt-hours (GWh), the power supplier said on Monday.

It also said it had begun importing additional nuclear power from the Daya Bay nuclear power station in Guangdong from this month to mitigate and manage pressure on tariffs in Hong Kong, with the arrangement to continue until 2018.

The firm’s sales of electricity in Hong Kong rose 4.3 per cent year on year to 25,590 GWh, boosted by strong residential demand.

Sales to the residential sector grew 10.5 per cent due to a higher heating and dehumidifying load in the first quarter and an increased cooling load in the second and third quarters, it said.

“Weather changes are clearly driving our strong growth in sales this year as customers relied on air-conditioning to stay cool and comfortable in the hot summer months,” the company said.

Sales to mainland China dropped 26 per cent to 1,023 GWh on lower committed sales to Guangdong Power Grid Corp, CLP said.

It said coal prices continued their downward spiral in the international and domestic markets this year.

The on-grid tariff rates of CLP’s coal-fired projects in mainland China have been reduced since last month, but the company said the impact was “more than compensated for” by the fall in coal prices.

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