Hong Kong residents will see a rise in electricity costs of almost 2 per cent. Photo: K. Y. Cheng

Hongkongers will pay more for electricity in 2018

Hong Kong’s two power ­companies announced on Tuesday that electricity bills are to rise by 1.9 per cent next year, after a last-minute about-turn by HK Electric amid a government veto on its proposed double-digit increase to a key component of its tariff.