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Ernest Kao

More than two million electricity users will get a special rebate from the city's largest power supplier thanks to a recent drop in fuel prices.
CLP Power, which supplies electricity to Kowloon, the New Territories, Lantau and outlying islands, will refund its customers 8 HK cents per unit based on what is consumed between January and June.
A household that used 300 units per month during the six months, for example, would be eligible for a rebate of HK$144.
The HK$1.2 billion in rebate is allowed under a CLP provision that captures any difference between the standard and actual costs of fuel, and passes it on to customers as rebates or charges.
"[The] mechanism, which has been designed to mitigate the cost impact of significant fuel fluctuations, has served its purpose to stabilise tariffs for our customers for years," CLP Power managing director Paul Poon Wai-yin said yesterday.
World Green Organisation chief executive Dr William Yu Yuen-ping said the rebates worked out to a "significant" 5 to 7 per cent discount per kilowatt-hour of power used.
"They are most likely doing some appeasing work before negotiations with the government on the post-2018 [regulatory framework]," Yu said.
He noted coal, oil and natural gas prices had been sliding over the last year. CLP had also reduced imports of pricey pipe gas and boosted nuclear imports from Daya Bay in Shenzhen.
Gordon Chick Kui-wai, of the Society for Community Organisation, said grass-roots residents, such as those living in public housing, would gain, but for subdivided flat dwellers without individual electricity accounts, the rebates were likely to be pocketed by their landlords.
HK Electric, which supplies Hong Kong and Lamma islands, said it had frozen tariffs for five years since 2013. "Short-term fluctuations in fuel prices" would not affect its strategy, a spokesman said.


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CLP Group

CLP set to give 2 million Hong Kong customers 'significant' rebate on electricity bills

The HK$1.2 billion in rebate is allowed under a CLP provision that captures any difference between the standard and actual costs of fuel, and passes it on to customers as rebates or charges. Photo: Sam Tsang

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