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  • November 27, 2014
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  1. Power prices will be tied to CPI when profit scheme ends: report

    Posted Oct 30th 2004, 12:00am by Alex Lo

    ... Alex Lo But Hongkong Electric says existing system serves city well One of Hong Kong's two major power suppliers last night defended the two-decade-old scheme of control after a report said the government planned to scrap the system and tie power tariffs to the consumer price index. Hongkong Electric said the scheme of control, which allows profits of up to 13.5 per cent ...

  2. Struggle to seal power deal before deadline

    Posted Dec 28th 2007, 12:00am by Staff Reporter

    ... are close to concluding a deal but an agreement might not be likely' by the end of this year, Hongkong Electric group managing director Tso Kai-sum said. 'Perhaps it might come early next ... going on for more than two years. The scheme for Hongkong Electric is due to expire at the end of next December and that for CLP Power in September. CLP Power said yesterday that it was also ...

  3. Power play

    Posted Jul 20th 2007, 12:00am by Staff Reporter

    ... Green groups have accused the government of wavering over its power sector reforms. Should CLP Power and Hongkong Electric be allowed a double-digit rate of return on their assets? Write to us. ...

  4. Minister floats law to regulate power firms

    Posted Oct 23rd 2007, 12:00am by Staff Reporter

    ... Edward Yau Tang-wah told lawmakers yesterday a contingency plan was needed because time was running out. He said the intention was still to regulate CLP Power and Hongkong Electric through ... terms in a draft law. The objective was to ensure the public can continue to enjoy reliable, safe and efficient electricity supplies at reasonable prices, Mr Yau said. Hongkong Electric said ...

  5. HK Electric earnings to take a hit

    Posted Nov 11th 2003, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings will take a hit on its earnings next year if, as expected, it keeps tariffs unchanged for a second consecutive year. This is the consensus prediction of seven brokerages polled by the South China Morning Post as the government evaluates tariff proposals from Hongkong Electric and CLP Holdings for next year. A government spokesperson ...

  6. HK Electric poised for tariff rise of 2-3 per cent

    Posted Dec 21st 2006, 12:00am by Denise Tsang

    ... Denise Hung and Denise Tsang Increase will widen gap in charges paid by consumers on both sides of harbour Hongkong Electric is set today to announce an increase of 2 to 3 per cent ... of the Democratic Party, said yesterday he understood Hongkong Electric would raise its tariff by about 2 to 3 per cent, while CLP would maintain its present rate. The Hongkong Electric increase is slightly ...

  7. Power firms asked to cut down on coal

    Posted May 22nd 2008, 12:00am by Agnes Lam

    ... Tang-wah told legislators the suggestion had been made in talks between the government, CLP Power and Hongkong Electric. 'We approached the power companies about how to reduce sulfur dioxide emissions by adjusting the use of coal and increasing the use of natural gas,' he said. Hongkong Electric said it was having talks with a supplier about getting extra gas. Meanwhile, a CLP ...

  8. In Brief

    Posted Jul 05th 2010, 12:00am by Staff Reporter

    ... Hongkong Electric workers upset over pay policy change Hongkong Electric workers are up in arms over a change in company policy to adjust their pay according to individual performance instead of referring to the inflation rate as in the past. They said they had not been consulted about the change and demanded the old practice be kept. The workers said the company made a profit ...

  9. Power surge for lawmakers urged in electricity row

    Posted Jan 07th 2012, 12:00am

    ... tariff increases. He said the tariff rises of the two power firms, CLP Power and Hongkong Electric, had not been fully justified or backed up with sufficient information. 'Without more ... CLP and Hongkong Electric have implemented tariff rises of 4.7 per cent and 6.3 per cent respectively for this year, after slight adjustments. CLP's original proposal to raise charges ...

  10. Power firms want more time before reforms

    Posted Jul 01st 2006, 12:00am by Dennis Eng

    ... regulating their investment and profits should last longer than 10 years to ensure their operations remained commercially viable. But while smaller Hongkong Electric challenged the idea ... the government's objectives,' Hongkong Electric director Wan Chi-tin said. He said extending the scheme of control for only 10 years would present risks to the companies, and Hongkong Electric would ...




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