CLP Group

CLP Group (its holding company is CLP Holdings Ltd) is an electricity company in Hong Kong with businesses in a number of Asian markets and Australia. Incorporated in 1901 as China Light & Power Company Syndicate, its core business remains electricity generation, transmission, and retailing.

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

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.

Wednesday, 29 July, 2015, 12:42pm 2 comments

CLP not being reasonable in its view about reasonable returns

CLP not being reasonable in its view about reasonable returns

Call me lazy if you must for presenting the same chart twice within one month, but it shows you what constitutes reasonable returns in the electricity market and CLP Holdings needs to face the facts here.

10 May 2015 - 4:20am 9 comments

Power utility CLP looking to build coal-fired plant in India

CLP posted an underlying net profit of HK$10.06 billion for last year. Photo: Felix Wong

CLP Holdings, the larger of Hong Kong’s two power utilities, will pause investing in Australia, where it faced multiple set-backs, but is preparing to build a major coal-fired power plant in India where it booked losses in earlier years due to fuel shortages.

26 Feb 2015 - 6:33pm

CLP Power accused of double standards in setting domestic and commercial tariffs

CLP Power has been criticised for double standards in setting tariffs. Photo: Felix Wong

The city's largest electricity supplier has been criticised for double standards in setting tariffs after Greenpeace found a significant rise in residential charges but a small reduction in commercial tariffs since 2004.

18 Dec 2014 - 4:02am 4 comments

CLP Power cuts back its tariff increase for next year to 3.1pc

CLP consumers could still face big tariff rises. Photo: SCMP

The city's largest power supplier will increase its tariff for next year by 3.1 per cent - far lower than the projected 11.8 per cent put forward in its development plan.

17 Dec 2014 - 8:06am 6 comments

CLP says power rate rise won't be as bad as forecast

Utility says power rate rise won't be that bad

Electricity supplier CLP Power has confirmed that the rate of increase in power tariffs will be "far lower" than that forecast in a five-year report submitted to the government last year.

28 Nov 2014 - 9:20am

Hot summer sees Hong Kong lead way in CLP electricity sales

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

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.

20 Oct 2014 - 2:08pm

Smaller rise in power rates next year, says CLP

Smaller rise in power rates next year, says CLP

More than two million power users in the New Territories and Kowloon can expect a smaller tariff rise next year than had been forewarned, CLP Power says.

15 Aug 2014 - 8:19am

CLP's first-half profit jumps 22pc on year to HK$4.8 billion

CLP booked HK$4.77 billion for the six months to June 30. Photo: Sam Tsang

Shares of CLP Holdings gained 1.2 per cent to HK$65.45 yesterday after it posted a 22.4 per cent rise in first-half net profit and said it would need to increase prices by less than previously expected next year to meet the cost of new emission caps.

15 Aug 2014 - 12:35am

Energy company hopes knowledge is less power

A two-year pilot scheme involving 56,000 households was launched this month by electricity supplier CLP Power in the hope of spurring a reduction in energy use. Photo: Oliver Tsang

Households across Kowloon and the New Territories are about to find out how energy efficient they are in relation to their neighbours.

31 Jul 2014 - 4:41am

Old flats get priority in CLP's green-energy fund

Old flats get priority in CLP's green-energy fund

Old residential buildings without clubhouses and with owners' groups will get priority for funding from a green-energy project set up by the city's largest power supplier.

13 Jun 2014 - 4:48am

CLP looks to cut Australian capacity as profits drag

CLP's incoming chief Richard Lancaster (left) and incumbent Andrew Brandler present the first-half results yesterday. Photo: Dickson Lee

CLP Holdings may temporarily cut or mothball some of its generation capacity in Australia to counter an industry oversupply that dragged down the power producer's first-half profit.

13 Aug 2013 - 4:01am

CLP may raise fees amid earnings squeeze

CLP chief executive Andrew Brandler says the company will be "very cautious" about further investment in India. Photo: Dickson Lee

CLP Holdings may propose another tariff rise in Hong Kong by the end of the year, as big losses in its overseas investments squeeze earnings and a new gas supply contract due to be signed next year triples fuel costs.

15 Aug 2012 - 1:33am

CLP's stockpiling of diesel spurs cost fears

CLP Power is reportedly stockpiling costly diesel as a contingency for fuel, as it needs several months to repair its Castle Peak coal power plant that was damaged by Typhoon Vicente late last month.

That has sparked concerns of a possible rise in the electricity tariff due to higher fuel costs. A concern group is urging the government to release more information.

15 Aug 2012 - 11:07pm

Power Assets expects lower fuel charges

Power Assets, a unit of tycoon Li Ka-shing's flagship Cheung Kong, (Holdings), says a recent fall in coal prices will help relieve customers' burdens, after it posted a 6.8 per cent rise in first-half profit.

The company's net profit amounted to HK$4.33 billion in the first six months, up from HK$4.06 billion in the same period a year ago.

20 Jul 2012 - 12:00am