If you’ve been running your air-conditioning unit and dehumidifier with abandon while slogging through Hong Kong’s dreaded summertime heat and humidity, here’s some good news for you: you’ll be paying less for electricity in September.
HK Electric and CLP Power, the city’s two main energy providers, have announced a price adjustment for electricity consumption as the result of changing geopolitical conditions. Fuel costs – in this case, the prices of natural coal and gas – have gone down, so electricity will be made cheaper to Hong Kong residents compared to earlier in the year, as these energy resources are part of HK Electric and CLP Power’s fuel supplies.
CLP Power, which supplies energy to Kowloon, the New Territories, and a number of outlying islands – with customers accounting for more than 80 percent of Hong Kong’s population – is charging 2.4 percent less for electricity in September compared to January this year, as the firm’s monthly fuel costs have dropped 7.3 percent to $0.42 per kWh.
Meanwhile, HK Electric, which serves customers on Hong Kong Island and Lamma Island, has shared that its September electricity bill will be 6.7 percent cheaper compared to January, which should come as a relief for those of us who can’t live without our ACs.
Fuel costs fluctuate depending on geopolitical uncertainties and the cost of energy resources, meaning CLP Power and HK Electric adjust their numbers on a monthly basis to reflect the latest price changes based on forecast and actual rates. It’s by no means guaranteed that electricity bills will remain lowered for the rest of the year, but there’s also hope that we may see even further reductions in prices if things go well.
Stay in the loop: sign up for our free Time Out Hong Kong newsletter for the best of the city, straight to your inbox
Recommended stories:
Filipino restaurant Cinta-J will close next month after 42 years in Wan Chai
Clockenflap 2025 announces second artist lineup with Vaundy as headliner
What is the Qixi Festival and what does it have to do with Romeo and Juliet?