https://www.scmp.com/rss/32371/feed The CLP Group is one of the largest investor-owned power businesses in Asia Pacific with diversified investments across Hong Kong, the Chinese Mainland, Australia, India, Taiwan Region and Southeast Asia. Our operations span every major segment of the electricity value chain – from power generation, transmission and distribution to retail and smart energy services. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com SCMP Editorial SCMP Editorial Energy resilience is being tested on a global scale as the Middle East conflict drives up fuel and electricity costs. Hong Kong’s government has stepped in with subsidies and the mainland Chinese authorities have pledged support to ensure electricity supply. But plans are needed for a potentially long-term disruption and other future crises. Hong Kong is introducing a subsidy for the liquefied petroleum gas (LPG) used by taxis, minibuses and school buses. A 50 HK cents per litre subsidy has been... https://www.scmp.com/opinion/comment/article/3352479/beijings-backing-hong-kong-can-plan-future-energy-crises?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3352479/beijings-backing-hong-kong-can-plan-future-energy-crises?utm_source=rss_feed Tue, 05 May 2026 23:15:07 +0000 Matthew Cheng Matthew Cheng Beijing’s point man on Hong Kong affairs and a senior national energy official have held meetings with CLP Holdings chairman Michael Kadoorie, with observers saying it signalled the firm was expected to help minimise livelihood disruptions amid the ongoing global fuel crisis and support the Northern Metropolis megaproject. The Hong Kong and Macau Affairs Office said its director, Xia Baolong, spoke with Kadoorie, his son Philip Kadoorie and the senior management of energy firm CLP Power in... https://www.scmp.com/news/hong-kong/politics/article/3352171/beijings-xia-baolong-top-energy-official-hold-talks-clps-michael-kadoorie?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3352171/beijings-xia-baolong-top-energy-official-hold-talks-clps-michael-kadoorie?utm_source=rss_feed Fri, 01 May 2026 11:40:39 +0000 Matthew Cheng Matthew Cheng Hong Kong’s CLP Power is distributing HK$100 (US$13) consumption coupons to about 600,000 eligible customers, including elderly people receiving concessionary tariffs, using HK$60 million from the company’s Community Energy Saving Fund. The initiative follows the power company’s earlier announcement that it would raise its fuel cost adjustment (FCA) charge starting this month, citing a discrepancy between forecast and actual fuel prices amid the United States-Israel war against Iran, which has... https://www.scmp.com/news/hong-kong/society/article/3348760/hong-kongs-clp-power-give-out-hk100-shopping-coupons-600000-customers?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3348760/hong-kongs-clp-power-give-out-hk100-shopping-coupons-600000-customers?utm_source=rss_feed Thu, 02 Apr 2026 05:43:24 +0000 Lam Ka-sing Lam Ka-sing The conflict in the Middle East has triggered a global energy crisis that serves as a “yellow warning” for Hong Kong, which so far has escaped the severe impact seen elsewhere, tycoon Michael Kadoorie has said. “At this point, I think we’re very lucky. Now we touched on the story of fuel. It may impact us. It does already send a warning light,” the CLP Group chairman said. “So you have your traffic lights red, yellow and green. Well, we’re yellow. We’re not at red, but we have to think ahead as... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348315/hong-kong-yellow-alert-middle-east-conflict-fuels-global-energy-crisis?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3348315/hong-kong-yellow-alert-middle-east-conflict-fuels-global-energy-crisis?utm_source=rss_feed Mon, 30 Mar 2026 00:30:22 +0000 Jess Ma,Danny Mok Jess Ma,Danny Mok Hongkongers could pay heftier electricity bills in the near future, a utility firm has warned, saying an increase in its surcharge will be “unavoidable” if conflict in the Middle East continues to impact fuel prices. HK Electric said on Thursday that it would initially decrease its fuel charge cost (FCC) in April, but would raise it mid-year if fuel prices remained high or further increased. A day earlier, fellow utility firm CLP Power increased its fuel cost adjustment (FCA) charge due to a... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347924/clp-raise-fuel-cost-adjustment-next-month-first-increase-more-year?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3347924/clp-raise-fuel-cost-adjustment-next-month-first-increase-more-year?utm_source=rss_feed Thu, 26 Mar 2026 00:45:46 +0000 Matthew Cheng Matthew Cheng Hong Kong authorities are facing mounting pressure from lawmakers to roll out more measures to rein in surging fuel prices, including a requirement for firms to disclose pricing formulas when bidding for petrol stations – an idea the environment minister said could be considered. Secretary for Environment and Ecology Tse Chin-wan told the Legislative Council on Wednesday the government was open to reviewing the current tender policy for petrol station sites to bring down fuel prices, a proposal... https://www.scmp.com/news/hong-kong/transport/article/3347850/hong-kong-weighs-petrol-pricing-disclosure-rule-tenders-fuel-costs-surge?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/3347850/hong-kong-weighs-petrol-pricing-disclosure-rule-tenders-fuel-costs-surge?utm_source=rss_feed Wed, 25 Mar 2026 08:28:25 +0000 SCMP Editorial SCMP Editorial Shenzhen is one of Asia’s top tech hubs, while Hong Kong has long been a financial powerhouse. Together, they are two souls merging into a turbocharged engine of growth behind the Greater Bay Area. The government’s flagship project, the Northern Metropolis, will soon become a focal point of this unbeatable combination. At its heart will be a supercomputing facility to help the city become a data centre hub. Range Intelligent Computing Technology won the tender to build the supercomputing centre... https://www.scmp.com/opinion/comment/article/3345691/supercomputer-hub-brings-hong-kong-and-shenzhen-closer-together?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3345691/supercomputer-hub-brings-hong-kong-and-shenzhen-closer-together?utm_source=rss_feed Fri, 06 Mar 2026 23:15:10 +0000 Theodora Yu Theodora Yu Landlords or operators of subdivided flats in Hong Kong that meet new government living standards can apply to CLP Power for smart meter installation. The smart meters, which now cover 90 per cent of residential households supplied by CLP Power, are open for application following the Basic Housing Units Ordinance taking effect on March 1. CLP, the city’s largest power supplier, provides electricity to Kowloon and the New Territories, including Lantau and Cheung Chau. Equipped with advanced... https://www.scmp.com/news/hong-kong/health-environment/article/3345480/smart-meters-available-hong-kong-subdivided-flats-meeting-new-living-standards?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3345480/smart-meters-available-hong-kong-subdivided-flats-meeting-new-living-standards?utm_source=rss_feed Thu, 05 Mar 2026 00:00:35 +0000 Kevin Li Kevin Li Hongkongers may begin to feel the impact of the escalating war in the Middle East in the coming months, as rising global oil prices are expected to push up energy bills and dining costs, according to experts. Analysts said the attacks on Iran by the United States and Israel, and subsequent retaliation across the region, were also likely to slow the pace of US interest rate cuts and curb the rise in Hong Kong housing prices. As military operations in the Middle East entered their fourth day,... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345321/hong-kong-inflation-risks-grow-war-middle-east-escalates-experts-warn?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3345321/hong-kong-inflation-risks-grow-war-middle-east-escalates-experts-warn?utm_source=rss_feed Wed, 04 Mar 2026 00:30:08 +0000 Danny Mok,Ambrose Li Danny Mok,Ambrose Li Electricity has been restored after a four-hour outage at a residential high-rise building in a Kwai Chung housing estate, caused by a suspected water leak that triggered a power cut ahead of Lunar New Year’s Eve. The city’s biggest electricity company, CLP Power, said that at around 9.13pm on Sunday, a suspected equipment fault at Ha Kwai House in Kwai Chung Estate disrupted supply to about 760 households. The power cut lasted four hours and electricity was restored at 1.30am on Monday. The... https://www.scmp.com/news/hong-kong/society/article/3343669/power-restored-after-4-hour-outage-plunges-760-hong-kong-flats-darkness?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3343669/power-restored-after-4-hour-outage-plunges-760-hong-kong-flats-darkness?utm_source=rss_feed Mon, 16 Feb 2026 02:21:57 +0000 Edith Lin Edith Lin Hong Kong’s biggest electricity company, CLP Power, has been urged to implement 43 measures to improve the stability of its supply, including enhancing lightning protection systems, after a series of failures. The Electrical and Mechanical Services Department released a review report on CLP on Friday, following an independent consultant’s analysis – under the supervision of experts – of power supply interruptions and voltage dips between 2021 and mid-2024. CLP, which supplies electricity to... https://www.scmp.com/news/hong-kong/health-environment/article/3338575/43-measures-hong-kongs-clp-improve-power-supply-after-series-failures?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3338575/43-measures-hong-kongs-clp-improve-power-supply-after-series-failures?utm_source=rss_feed Fri, 02 Jan 2026 15:08:12 +0000 Oscar Liu Oscar Liu A power outage briefly plunged Hong Kong’s Kowloon City, a densely populated neighbourhood, into darkness on Thursday, with traffic lights malfunctioning, people trapped in lifts and about 5,000 households affected. Police said they received a report at 4.18pm that people were trapped in a lift at Kowloon City Plaza and that the shopping centre was in total darkness. The case was later classified as “assistance not required”. At 5.04pm, another report was filed with the force about... https://www.scmp.com/news/hong-kong/society/article/3336960/power-outage-briefly-leaves-5000-hong-kong-households-darkness?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3336960/power-outage-briefly-leaves-5000-hong-kong-households-darkness?utm_source=rss_feed Thu, 18 Dec 2025 13:59:22 +0000 SCMP Editorial SCMP Editorial A monthly HK$10 saving may not mean much in a city notorious for its high cost of living. But to many hard-pressed Hong Kong households, a modest 2 per cent cut in electricity tariffs comes as a surprise. The reduction seems to defy the perception that the saying “what goes up must come down” does not apply to utility bills. But the cut remains the exception rather than the norm, as this is only the second time since 2017 that the annual electricity tariff adjustment has resulted in users paying... https://www.scmp.com/opinion/comment/article/3333640/cheaper-electricity-bills-are-nice-not-enough?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3333640/cheaper-electricity-bills-are-nice-not-enough?utm_source=rss_feed Fri, 21 Nov 2025 23:15:14 +0000 Lo Hoi-ying Lo Hoi-ying Hong Kong residents will see their electricity bills drop by 2.2 to 2.6 per cent in 2026, as the city’s two utility providers cite lower and more stable fuel prices, a welcome shift following last year’s nearly 1 per cent price increase. In announcements on Tuesday, ahead of the December 7 Legislative Council election, CLP Power and HK Electric said they would reduce residential tariffs by 2.6 and 2.2 per cent respectively from January, compared with a year ago. The utility providers said they... https://www.scmp.com/news/hong-kong/society/article/3333236/hongkongers-pay-2-less-electricity-january-2026?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3333236/hongkongers-pay-2-less-electricity-january-2026?utm_source=rss_feed Tue, 18 Nov 2025 07:12:27 +0000 Leopold Chen,Wynna Wong Leopold Chen,Wynna Wong Hong Kong will leverage the National Games to encourage residents to vote in the coming Legislative Council election, officials have said, as more companies offered workers a half day off to cast their ballots in the poll. Speaking on Sunday at the closing ceremony of the torch relay for the Games, which the city is co-hosting this month, Hong Kong’s No 2 official, Eric Chan Kwok-ki, focused briefly on the December election. “At this moment full of passion and mobility, I must remind everyone... https://www.scmp.com/news/hong-kong/politics/article/3331231/hong-kong-officials-eye-legco-poll-push-little-boost-national-games?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3331231/hong-kong-officials-eye-legco-poll-push-little-boost-national-games?utm_source=rss_feed Sun, 02 Nov 2025 10:08:01 +0000 Jess Ma,Denise Tsang Jess Ma,Denise Tsang Top corporate leaders, athletes and members of ethnic minority groups are among the 62 people set to take part in the Hong Kong segment of the National Games torch relay, the Post has learned. From tycoon heirs such as Sino Group chairman Daryl Ng Win Kong, Henderson Land Development chairman Martin Lee Ka-shing, Sun Hung Kai Properties executive director Adam Kwok Kai-fai and Chow Tai Fook Jewellery Group vice-chairwoman Sonia Cheng Chi-man to youth representatives, the city’s list of... https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3331156/businessmen-athletes-and-ethnic-minorities-unite-hong-kong-national-games-torch-relay?utm_source=rss_feed Sat, 01 Nov 2025 04:56:15 +0000 Willa Wu Willa Wu Hong Kong’s business sector has echoed a government call to boost the voter turnout rate in the coming Legislative Council election by offering incentives such as a half day of paid leave and transport subsidies to encourage employees to cast their ballots. Developer Sino Group was among the first conglomerates leading the drive as it announced it would grant more than 11,000 staff members a half day of leave for voting on December 7 while promoting election awareness internally. “This is... https://www.scmp.com/news/hong-kong/politics/article/3331127/hong-kong-business-sector-push-get-workers-vote-coming-legco-poll?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3331127/hong-kong-business-sector-push-get-workers-vote-coming-legco-poll?utm_source=rss_feed Fri, 31 Oct 2025 14:30:43 +0000 Jiang Chuqin Jiang Chuqin A nursing home and a hospital have become the first beneficiaries of a major Hong Kong power company’s new energy saving scheme, with the initiative expected to save them electricity equal to the consumption of 120 households annually. CLP Power revealed on Monday that the nursing home and the hospital under Haven of Hope Christian Service in Tseung Kwan O were the first beneficiaries of its new energy saving scheme launched this June. The initiative is the first dedicated specifically to... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328857/hong-kong-nursing-home-hospital-first-benefit-new-clp-energy-saving-plan?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3328857/hong-kong-nursing-home-hospital-first-benefit-new-clp-energy-saving-plan?utm_source=rss_feed Mon, 13 Oct 2025 23:00:16 +0000 Lo Hoi-ying,Jess Ma,Oscar Liu Lo Hoi-ying,Jess Ma,Oscar Liu More than 200 households sweltering in a public housing block in northern Hong Kong remained without electricity on Monday, more than two days after a power outage hit the building. The outage, which affected 473 households at Tin Ming House in Sheung Shui’s Tin Ping Estate, was caused by an electrical facility malfunction on Saturday afternoon. As of Monday morning, 236 households across 10 floors were still without power, according to the Home Affairs Department. The power cut left residents... https://www.scmp.com/news/hong-kong/society/article/3325509/473-hong-kong-households-sweating-without-power-3-more-days?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3325509/473-hong-kong-households-sweating-without-power-3-more-days?utm_source=rss_feed Sun, 14 Sep 2025 14:28:12 +0000 Danny Mok Danny Mok A woman has died after being hit by a car belonging to CLP Power, which subsequently collided with other vehicles in Hong Kong on Tuesday afternoon. Police received multiple reports at around 3.35pm of a serious collision near the entrance to the Ma Tau Wai Estate car park on Shing Tak Street, To Kwa Wan. The car was travelling westbound along Shing Tak Street and made a right turn into the car park. Upon reaching the entrance, it suddenly accelerated and crashed into the car park barrier. Then... https://www.scmp.com/news/hong-kong/society/article/3324915/female-pedestrian-killed-5-others-injured-crash-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3324915/female-pedestrian-killed-5-others-injured-crash-hong-kong?utm_source=rss_feed Tue, 09 Sep 2025 10:40:21 +0000 Edith Lin,Ng Kang-chung Edith Lin,Ng Kang-chung Hong Kong residents will pay a smaller electricity bill in September, with some having prices cut by up to 6.7 per cent compared with January, after the city’s two power companies adjusted fuel costs in response to geopolitical tensions. HK Electric, which supplies energy to users on Hong Kong Island and Lamma Island, said on Monday that September’s bill would have an average net tariff per kilowatt-hour that was 6.7 per cent lower than in January. Meanwhile, customers with CLP Power, which... https://www.scmp.com/news/hong-kong/health-environment/article/3323080/hong-kong-residents-pay-67-less-electricity-september?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3323080/hong-kong-residents-pay-67-less-electricity-september?utm_source=rss_feed Mon, 25 Aug 2025 10:15:58 +0000 Hannah Wang Hannah Wang CLP Holdings, one of Hong Kong’s two power utility companies, said it saw growth opportunities in a proposed industrial park in Tuen Mun, as it reported a decline in first-half net profit on Monday. In July, the city’s government proposed reserving 301 hectares of land in Tuen Mun for industrial development, including 145 hectares of reclamation in Lung Kwu Tan and 45 hectares in Tuen Mun West, as well as 111 hectares of replanned space. The area to be reclaimed is equivalent to 10 Victoria... https://www.scmp.com/business/commodities/article/3320715/clp-holdings-sees-growth-potential-tuen-mun-industrial-park-first-half-profit-falls?utm_source=rss_feed https://www.scmp.com/business/commodities/article/3320715/clp-holdings-sees-growth-potential-tuen-mun-industrial-park-first-half-profit-falls?utm_source=rss_feed Mon, 04 Aug 2025 12:00:06 +0000 Jiang Chuqin,Harvey Kong Jiang Chuqin,Harvey Kong Residents, including many elderly people, started to return to their homes in a Hong Kong complex on Sunday after their electricity supply was restored following a water leak, with three shelters earlier opened to accommodate them overnight. About 2,000 people, including residents in three care homes for the elderly, were left without electricity on Saturday evening after a water leak in I-Feng Mansions in To Kwa Wan prompted the power provider to suspend the supply to its four blocks. Utility... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3319715/2000-people-left-without-power-hong-kong-after-water-leak-building?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3319715/2000-people-left-without-power-hong-kong-after-water-leak-building?utm_source=rss_feed Sat, 26 Jul 2025 16:20:53 +0000 Danielle Popov Danielle Popov Hong Kong environmental authorities will impose new emission caps on power plants from 2030 in a bid to further improve local air quality, with a major electricity firm pledging to import more zero-carbon energy from mainland China. The Environment and Ecology Bureau said on Friday that it would further cut the electricity sector’s annual emission allowances for sulphur dioxide, nitrogen oxides and respirable suspended particulates (RSPs). In five years, the allowances would be reduced by 19 per... https://www.scmp.com/news/hong-kong/health-environment/article/3312510/hong-kong-impose-new-emission-caps-local-power-plants-2030?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3312510/hong-kong-impose-new-emission-caps-local-power-plants-2030?utm_source=rss_feed Fri, 30 May 2025 11:44:06 +0000 Ng Kang-chung Ng Kang-chung Consumers of CLP Power, Hong Kong’s biggest electricity provider, should pay lower bills thanks to a decline in global fuel prices in recent months. Releasing its quarterly results on Monday, the company said monthly fuel costs for consumers dropped to 44.4 HK cents (5.7 US cents) per unit of electricity this month, “resulting in a 1.3 per cent drop in the average net tariff” from the beginning of the year. The power firm also reported a 2.6 per cent fall in electricity sales in the first three... https://www.scmp.com/news/hong-kong/society/article/3310971/hongkongers-using-clp-power-pay-less-due-cheaper-global-fuel?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3310971/hongkongers-using-clp-power-pay-less-due-cheaper-global-fuel?utm_source=rss_feed Mon, 19 May 2025 14:45:01 +0000 Lo Hoi-ying Lo Hoi-ying Hong Kong residents may be able to have food delivered by drones as early as April, with one lawmaker expecting civil aviation regulations to be relaxed by October to allow wider usage of commercial unmanned aerial vehicles. Secretary for Transport and Logistics Mable Chan said on Thursday that businesses involved in pilot drone projects could start offering their services next month. Projects that used drones under a “sandbox” scheme included CLP Power for monitoring transmission towers, food... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3303177/food-deliveries-drone-take-flight-hong-kong-early-april?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3303177/food-deliveries-drone-take-flight-hong-kong-early-april?utm_source=rss_feed Thu, 20 Mar 2025 09:50:46 +0000 Yujie Xue Yujie Xue Hong Kong utility company CLP Holdings said its 2024 net profit rose 76 per cent from a year earlier thanks to a strong showing from its operations in Australia. The company, which operates the larger of Hong Kong’s two electricity providers, said in an exchange filing on Monday that its earnings rose to HK$11.74 billion (US$1.51 billion) from HK$6.66 billion a year earlier. Revenue rose 4.3 per cent to HK$90.96 billion. Analysts surveyed by Bloomberg had expected a profit of HK$10.96 billion... https://www.scmp.com/business/article/3299883/hong-kong-utility-clps-2024-profit-surges-76-strong-performance-australia?utm_source=rss_feed https://www.scmp.com/business/article/3299883/hong-kong-utility-clps-2024-profit-surges-76-strong-performance-australia?utm_source=rss_feed Mon, 24 Feb 2025 07:28:13 +0000 Lam Ka-sing Lam Ka-sing Hong Kong’s largest electricity provider has rolled out an artificial intelligence-assisted platform to strengthen its ability to detect and respond to threats to the power supply, while planning to expand its surveillance network from 1,000 to 1,700 cameras over the next several years. CLP Power said on Tuesday that it had deployed a new Grid-V system, which integrates about 3,000 sensor points and cameras, in September last year to monitor infrastructure around the clock, including... https://www.scmp.com/news/hong-kong/health-environment/article/3298283/ai-powered-platform-helps-hong-kongs-clp-detect-electricity-supply-threats?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3298283/ai-powered-platform-helps-hong-kongs-clp-detect-electricity-supply-threats?utm_source=rss_feed Tue, 11 Feb 2025 16:19:57 +0000 Jeffie Lam,Vivian Au Jeffie Lam,Vivian Au Tycoon Michael Kadoorie is spearheading a drive to raise US$50 million to promote Hong Kong through a worldwide PR campaign, the Post has learned, two months after a Beijing official told local business leaders to take “concrete actions” to support the city. Sources said on Thursday that Kadoorie, chairman of CLP Group, the city’s largest electricity supplier, met several property tycoons including Peter Lee Ka-kit, co-chairman and managing director of Henderson Land Development, and Sun Hung... https://www.scmp.com/news/hong-kong/politics/article/3295090/tycoon-kadoorie-plans-us50-million-drive-promote-hong-kong-worldwide?utm_source=rss_feed https://www.scmp.com/news/hong-kong/politics/article/3295090/tycoon-kadoorie-plans-us50-million-drive-promote-hong-kong-worldwide?utm_source=rss_feed Thu, 16 Jan 2025 15:34:14 +0000 Fiona Chow Fiona Chow Hongkongers will be hit with increases to their utility and food bills, transport fares and public flat rents from January. The Post lists the items that will be subject to higher costs in 2025. 1. Electricity bills will rise by nearly 1 per cent CLP Power, serving Kowloon, the New Territories and Lantau Island, will increase fees by 0.98 per cent per unit of electricity. Customers of HK Electric, which serves Hong Kong Island and several outlying islands, will also bear an extra 0.9 per cent... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3292926/cost-living-hong-kong-what-youll-have-pay-more-2025?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3292926/cost-living-hong-kong-what-youll-have-pay-more-2025?utm_source=rss_feed Wed, 01 Jan 2025 04:00:14 +0000 Jiang Chuqin Jiang Chuqin Hong Kong’s largest electricity provider is investigating a voltage dip in the eastern New Territories that triggered fire alarms and left residents trapped in lifts on Monday morning. CLP Power confirmed that its 132,000-volt power grid connecting Ma On Shan to Sha Tin experienced a voltage dip for 0.1 seconds at around 7.21am, causing lights to flicker or dim. Some electrical devices sensitive to voltage changes could also have gone into emergency mode and stopped working, the company said. It... https://www.scmp.com/news/hong-kong/society/article/3287994/hong-kongs-clp-power-probe-voltage-dip-after-residents-left-stuck-lifts?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3287994/hong-kongs-clp-power-probe-voltage-dip-after-residents-left-stuck-lifts?utm_source=rss_feed Mon, 25 Nov 2024 06:20:04 +0000 Salina Li,Peggy Sito Salina Li,Peggy Sito Bob Prince, the co-chief investment officer of the world’s largest hedge fund, bought a luxury home in Hong Kong, joining an A-list of global financiers who have begun to heed the city government’s serenade to put down roots in Asia’s third-largest capital market. The executive of Bridgewater Associates, which had US$235 billion of assets under management as of March 31, paid HK$95 million (US$12.2 million) for a three-bedroom flat measuring 1,752 sq ft (162.8 square metres) at St. George’s... https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed https://www.scmp.com/business/article/3287412/bridgewaters-prince-buys-hk95-m-hong-kong-flat-joining-financiers-putting-down-roots?utm_source=rss_feed Wed, 20 Nov 2024 10:32:56 +0000 Hongkongers will have to pay nearly 1 per cent more for electricity next year, the city’s two power companies have said, after cutting prices by as much as 16 per cent last year. Residential bills for CLP Power’s customers would increase from January by 0.98 per cent compared with a year ago while those for HK Electric users would rise by 0.9 per cent, the companies revealed on Tuesday. CLP Power, which serves Kowloon, the New Territories and Lantau Island, said it would increase its basic... https://www.scmp.com/news/hong-kong/health-environment/article/3287245/hongkongers-pay-nearly-1-more-electricity-next-year?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3287245/hongkongers-pay-nearly-1-more-electricity-next-year?utm_source=rss_feed Tue, 19 Nov 2024 10:15:25 +0000 Hong Kong’s two power companies have unveiled relief measures worth more than HK$310 million (US$39.8 million) for consumers before a meeting in the legislature to discuss their prices, with some initiatives aimed at low-income households and NGOs. CLP Power said on Friday it would spend HK$240 million on 12 initiatives launching next year, including a subsidy to replace air conditioners in the homes of underprivileged residents. HK Electric, meanwhile, said it would allocate more than HK$70... https://www.scmp.com/news/hong-kong/society/article/3286820/hong-kong-power-firms-vow-hk310-million-relief-measures-legco-meeting-prices?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3286820/hong-kong-power-firms-vow-hk310-million-relief-measures-legco-meeting-prices?utm_source=rss_feed Fri, 15 Nov 2024 13:28:15 +0000 Natalie Wong Natalie Wong At a time when Hong Kong tycoons are being called upon to help with the country’s development as it undertakes much-needed reforms, Michael Kadoorie can point to his family’s long-storied involvement in both the city and mainland China as ample proof of that commitment. Yet in a rare recent interview, the media-shy Kadoorie and his son and heir apparent Philip chose to look ahead when talking about the central government’s expectations. “Beijing is looking for us to stand on our own feet, and... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3279962/were-agile-energetic-dont-underrate-ourselves-tycoon-michael-kadoorie-tells-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3279962/were-agile-energetic-dont-underrate-ourselves-tycoon-michael-kadoorie-tells-hong-kong?utm_source=rss_feed Thu, 26 Sep 2024 00:30:12 +0000 Fiona Chow Fiona Chow A bitter legal tussle between the Kadoorie business empire and a fired in-house lawyer has spilled into public view, involving a HK$25 million (US$3.2 million) golden handshake, an annual HK$8 million consultancy contract and more than 500 emails of accusations. A judgment handed down by the Court of Appeal last month revealed details of the case first brought about by Sir Elly Kadoorie & Sons, the plaintiff, against Samantha Jane Bradley, the company’s former director of the legal... https://www.scmp.com/news/hong-kong/law-and-crime/article/3277624/kadoorie-empire-embroiled-feud-ex-house-lawyer-hong-kong-court-document-shows?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-and-crime/article/3277624/kadoorie-empire-embroiled-feud-ex-house-lawyer-hong-kong-court-document-shows?utm_source=rss_feed Sun, 08 Sep 2024 01:00:34 +0000 Authorities have ordered Hong Kong’s largest electricity provider to identify problems with its power supply system and submit a report after the latest in a series of outages affected more than 1,400 households for up 2½ hours in Tseung Kwan O. The Environment and Ecology Bureau on Friday told CLP Power to hand in its report within a month, a day after a blaze damaged the electricity meter room at Po Kan House in Po Lam Estate, affecting 1,470 households. “The Electrical and Mechanical Services... https://www.scmp.com/news/hong-kong/society/article/3273974/hong-kongs-clp-power-ordered-submit-report-after-latest-outage-affects-1400-households?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3273974/hong-kongs-clp-power-ordered-submit-report-after-latest-outage-affects-1400-households?utm_source=rss_feed Fri, 09 Aug 2024 16:38:34 +0000 Martin Choi Martin Choi CLP Holdings, which runs the larger of Hong Kong’s two power utilities, said it will put more emphasis on nuclear energy to meet the city’s climate action goals as it reported first-half profit growth in line with expectations. Earnings rose 17.6 per cent to HK$5.95 billion (US$762 million) for the first half, from HK$5.06 million in the same period in 2023, the company said in an exchange filing on Monday. Revenue rose 1.8 per cent to HK$44.08 billion, it added. To reach the city’s goal of net... https://www.scmp.com/business/companies/article/3273268/clp-tap-more-nuclear-power-meet-hong-kongs-climate-goals-amid-profit-growth?utm_source=rss_feed https://www.scmp.com/business/companies/article/3273268/clp-tap-more-nuclear-power-meet-hong-kongs-climate-goals-amid-profit-growth?utm_source=rss_feed Mon, 05 Aug 2024 10:30:09 +0000 Yulu Ao Yulu Ao CLP Power, Hong Kong’s biggest electricity provider, said it has launched a three-year A$500 million (US$339 million) Kangaroo bond, marking the first such foray by a Hong Kong commercial entity into the Australian market. Two tranches of the bond are being offered through a wholly-owned subsidiary, CLP Power Hong Kong Financing: a A$350 million floating-rate note and a A$150 million fixed-rate note, according to a press release issued by CLP on Monday. The Kangaroo bond is unconditionally... https://www.scmp.com/business/banking-finance/article/3270545/hong-kongs-clp-power-leaps-australian-market-us339-million-kangaroo-bond?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3270545/hong-kongs-clp-power-leaps-australian-market-us339-million-kangaroo-bond?utm_source=rss_feed Mon, 15 Jul 2024 13:06:06 +0000 Hong Kong’s largest electricity provider has apologised after a voltage dip in Sham Shui Po led to flickering or dimmed lights in some homes, with the under-fire utility vowing to investigate the latest in a string of such disruptions. CLP Power said on Wednesday that its 11,000-volt power supply system in the district recorded a drop in voltage at 11.09pm the night before. “During this period, some customers may have experienced lights dimming or flickering, while some may also have observed... https://www.scmp.com/news/hong-kong/society/article/3269868/hong-kongs-under-fire-clp-power-apologises-after-latest-voltage-dip-sham-shui-po?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3269868/hong-kongs-under-fire-clp-power-apologises-after-latest-voltage-dip-sham-shui-po?utm_source=rss_feed Wed, 10 Jul 2024 04:32:39 +0000 Hong Kong’s largest energy provider has blamed external factors for causing faults in two underground cables supplying power to Wong Tai Sin district that plunged more than 2,000 households into darkness on a hot summer night last month. Electricity firm CLP Power said in an investigation report submitted to the government on Tuesday that both 11kV cables had joints with degraded insulation, leading to the power disruption. The company said it had detected a fault in an 11kV cable between... https://www.scmp.com/news/hong-kong/health-environment/article/3269810/hong-kongs-clp-power-blames-external-factors-outage-affecting-over-2000-households?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3269810/hong-kongs-clp-power-blames-external-factors-outage-affecting-over-2000-households?utm_source=rss_feed Tue, 09 Jul 2024 12:53:48 +0000 Ezra Cheung Ezra Cheung Hong Kong’s infrastructure appears to be under strain from inclement weather after electricity supplier CLP attributed the recent power disruptions to “more frequent and intense extreme weather events”. The government promptly asked the power firm to submit plans to mitigate risks arising from the high frequency of thunderstorm warnings. Public utilities Towngas, the Airport Authority and MTR recently also released updates on their weather resilience measures. Hong Kong is anticipating a... https://www.scmp.com/news/hong-kong/health-environment/article/3268014/thunderstorms-heatwaves-can-hong-kongs-infrastructure-handle-strain?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3268014/thunderstorms-heatwaves-can-hong-kongs-infrastructure-handle-strain?utm_source=rss_feed Tue, 25 Jun 2024 12:28:43 +0000 Hong Kong’s leader has demanded a comprehensive investigation into a recent flight information display system failure at the airport, saying the chaos “must not happen again”. Chief Executive John Lee Ka-chiu said on Tuesday that Hong Kong must strive to maintain its status as an international aviation hub because it was an important part of the city’s competitiveness. “I am concerned over the flight information display system failure on Sunday at Hong Kong International Airport, although no... https://www.scmp.com/news/hong-kong/transport/article/3267929/hong-kongs-john-lee-demands-thorough-probe-airport-flight-display-system-failure?utm_source=rss_feed https://www.scmp.com/news/hong-kong/transport/article/3267929/hong-kongs-john-lee-demands-thorough-probe-airport-flight-display-system-failure?utm_source=rss_feed Tue, 25 Jun 2024 05:05:45 +0000 Hong Kong’s largest electricity supplier should prioritise installing devices against lightning and flooding in its network ahead of the coming storm season, especially after voltage dips caused service disruptions twice in less than two weeks, according to an engineer. CLP Power, which supplies electricity to Kowloon, the New Territories and most of the city’s outlying islands, pledged to implement short-, medium- and long-term measures to tackle power interruptions after the latest outages on... https://www.scmp.com/news/hong-kong/society/article/3267784/hong-kongs-clp-power-should-prioritise-protective-devices-storm-season?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3267784/hong-kongs-clp-power-should-prioritise-protective-devices-storm-season?utm_source=rss_feed Mon, 24 Jun 2024 05:35:56 +0000 Edith Lin,Danny Mok Edith Lin,Danny Mok Electricity supplier CLP Power has been ordered by the Hong Kong government to make sure its network can stand up to bad weather after a voltage dip caused service disruption on Sunday morning. The Electrical and Mechanical Services Department said on Sunday night it would form a task force to review whether CLP Power’s remedy measures could be accelerated and if the government could do anything to help it enhance the capability of the power supply system. The utility, which supplies most the... https://www.scmp.com/news/hong-kong/society/article/3267688/hong-kongs-clp-power-apologises-early-hours-electricity-outage?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3267688/hong-kongs-clp-power-apologises-early-hours-electricity-outage?utm_source=rss_feed Sun, 23 Jun 2024 03:37:36 +0000 Authorities are right to demand a full accounting from CLP Power, one of Hong Kong’s two electricity suppliers, after the utility racked up its sixth and worst blackout of the year. The company has now been ordered to review voltage dips and blackouts over the past three years. The latest incident left about 2,250 households and businesses in Wong Tai Sin without power for more than four hours last week. It happened less than a month after government officials said they were “very concerned”... https://www.scmp.com/opinion/comment/article/3267291/clp-needs-amp-probe-worrying-hong-kong-power-outages?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3267291/clp-needs-amp-probe-worrying-hong-kong-power-outages?utm_source=rss_feed Wed, 19 Jun 2024 22:15:08 +0000 It is less than a month since the Hong Kong government said it was “very concerned” about five incidents of major interruptions to the electricity supply on the grid operated by CLP Power in the first four months of the year. The latest CLP outage – last Wednesday – left 2,250 households in Wong Tai Sin without power for more than four hours with some residents and businesses only getting power restored after midnight. As a result, the government updated its statement to “deep concern”.... https://www.scmp.com/opinion/hong-kong-opinion/article/3266632/hong-kong-must-demand-more-power-companies-after-series-failures?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3266632/hong-kong-must-demand-more-power-companies-after-series-failures?utm_source=rss_feed Mon, 17 Jun 2024 01:30:10 +0000 A four-hour electricity outage plunged the densely populated district of Wong Tai Sin into darkness while many were eating dinner last week, prompting Hong Kong authorities to ask CLP Power to review all voltage dips and blackouts over the past three years. Secretary for Environment and Ecology Tse Chin-wan summoned the company’s boss to request “fundamental improvements” to its culture and electricity supply management system. He also questioned whether CLP’s service quality was “on the... https://www.scmp.com/news/hong-kong/health-environment/article/3266801/hong-kongs-clp-power-decline-post-looks-string-voltage-dips-outages?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3266801/hong-kongs-clp-power-decline-post-looks-string-voltage-dips-outages?utm_source=rss_feed Sun, 16 Jun 2024 08:30:13 +0000 Hong Kong authorities have demanded electricity supplier CLP Power review all voltage dips and outages over the past three years after a four-hour blackout plunged more than 2,200 households into darkness in densely populated Wong Tai Sin district. The Environment and Ecology Bureau expressed “deep concern” on Thursday over the latest incident – the utility’s sixth power disruption this year – as it summoned the company’s boss to request “fundamental improvements” to its culture and electricity... https://www.scmp.com/news/hong-kong/health-environment/article/3266445/spoiled-food-unpaid-bills-hong-kong-restaurant-takes-hit-after-hours-long-power-cut?utm_source=rss_feed https://www.scmp.com/news/hong-kong/health-environment/article/3266445/spoiled-food-unpaid-bills-hong-kong-restaurant-takes-hit-after-hours-long-power-cut?utm_source=rss_feed Thu, 13 Jun 2024 07:34:12 +0000 A power outage in Hong Kong’s densely populated Wong Tai Sin district plunged 2,250 households into darkness for up to four hours with at least four reports of people trapped in lifts. Electricity firm CLP Power said on Wednesday that a fault in an 11kV cable in the district disrupted the supply for customers in the area at 8.02pm, with engineers dispatched to carry out emergency repairs. It apologised to the 2,250 customers affected. In a statement issued late on Wednesday, the company said it... https://www.scmp.com/news/hong-kong/society/article/3266365/power-cut-hong-kongs-wong-tai-sin-district-plunges-some-buildings-malls-darkness?utm_source=rss_feed https://www.scmp.com/news/hong-kong/society/article/3266365/power-cut-hong-kongs-wong-tai-sin-district-plunges-some-buildings-malls-darkness?utm_source=rss_feed Wed, 12 Jun 2024 13:56:07 +0000