Topic
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.
Firms’ decision will provide respite for city businesses and households, but they could have done more under a system seen as increasingly unfair.
With customers of city’s two energy companies having to pay more in these hard post-Covid times, government assistance is required.
Inadequacies of current tariff adjustment mechanism are exposed by surge in prices from city’s two electricity providers.
Report into city cable bridge blaze that plunged thousand of homes, businesses and public facilities into darkness leaves many questions still to be answered.
Operator of Hong Kong’s largest power utility was buoyed by turnaround in fair value related to forward energy contracts, but still missed estimates for profit, revenue.
CLP has submitted two reports to the Electrical and Mechanical Services Department over the past week over the incidents, firm says.
Hong Kong rightly takes pride in having one of the world’s most efficient and reliable electricity supplies but recent interruptions of service leave city with a black eye.
CLP told to immediately enhance inspection of power supply system in Tsing Yi.
Secretary for Environment and Ecology Tse Chin-wan says he is ‘greatly disappointed’ over outage at On Mei House, which lasted almost 1½ hours.
Fast-food giant McDonald’s is blaming the high cost of Hong Kong labour, global consumer goods and food for rising operating expenses.
Data centres in Hong Kong are forecast to expand 30 per cent by 2025 in terms of gross floor space. That will drive efforts to make such buildings greener, with Equinix and CLP Power setting an example.
Environment minister Tse Chin-wan also reveals authorities exploring possibility of building nuclear plant over border to supply city with energy by 2035.
Existing reward structure for restoring power may offset effects of new penalty, lawmaker Edward Leung Hei says.
Residential bills for CLP Power to be cut by 7.4 per cent while those for HK Electric by 16 per cent starting in January, compared with a year ago.
Readers discuss the upcoming review of the agreements that regulate electricity supply in Hong Kong, the relaxation of visa requirements to China, the merits of having an integrated health app, and the aborted taxi driver strike.
CLP Power says it will budget HK$70 million to support low-income families in 2024 while HK Electric has earmarked HK$55 million for initiatives.
At least a dozen of those companies that preceded the 1903 birth year of the South China Morning Post remain to this day.
The 345-by-55 metre terminal could supply power to1.5 million three-member households for two months, project director Daman Lee says.
International energy prices have been softening since the beginning of the year, says the power provider’s CEO as the company returns to profitability in the first half.
Robots are capable of examining the facilities in greater detail than humans, engineers say.
HK Electric to cut surcharge by 15.5 per cent over January levels as global fuel prices fall, but Sze Lai-shan of Society for Community Organisation says more relief needed for residents living in subdivided flats.
Internal carbon pricing can make greenhouse-gas emissions a part of every operational and investment decision, says Deloitte expert.
System will help prevent disruption in New Territories, Lantau Island and parts of Kowloon, CLP Power says.
About 44,000 households were affected during the incident on April 19.
‘I have suggested to HK Electric that they have to give back their reward to residents in case they have got one,’ city’s environmental minister says.
Staff at Cyberport switching station connected a backup cable last used a decade ago by mistake.
Subsidy for offsetting billed electricity charges will be rolled out in 12 instalments, paper submitted to lawmakers says.
Environment minister says that while the government sees urgency to suppress price increases, any changes to existing agreements must be backed by power firms.
CLP Power and HK Electric say electricity tariffs lagged behind real-time fuel prices because of way they pegged their natural gas contracts.
Residents report an explosion near Fei Ngo Shan, also known as Kowloon Peak, at around 11.30pm.
City’s largest electricity supplier will cap fuel surcharge, offering residents protection against sharp increases in global oil prices.