Hong Kong electricity bills rise, with some seeing base rate increase of almost 15 per cent

Electricity prices in Hong Kong have increased since the beginning of the year, with the Hongkong Electric Company (HK Electric)’s net electricity base rate rising by 14.7 per cent since January.

Lamma Power Station. File photo: Typhoonchaser, via Wikicommons.

For Hong Kong households, monthly electricity bills are largely broken down into three parts: the basic tariff, which is based on the company’s annual forecasts on fuel costs, operating costs and permitted returns; the fuel charges; and any rebates available.

Taking all three factors into account, HK Electric’s net electricity base rate has risen from HK$0.937 per unit in January to HK$1.075 per unit in April – an increase of 14.7 per cent.

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