EEB and power business reveal 2026 electrical energy tariff change (with photo/video)
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The Environment and Ecology Bureau (EEB) and the 2 power business revealed today (November 18) the electrical power tariff modification for next year. After settlement with the Government, CLP Power Hong Kong Limited and Castle Peak Power Company Limited (CLP Power) will decrease their typical Net Tariff by 2.6 percent to 140.6 cents per kWh with result from January 1, 2026, and the Hongkong Electric Company Limited (HK Electric) will decrease their typical Net Tariff by 2.2 percent to 163.3 cents per kWh.
The Secretary for the Environment and Ecology, Mr Tse Chin-wan, stated at journalism conference today that the Government’s energy policy goals are to make sure that the general public will delight in safe, dependable and eco-friendly electrical energy supply at affordable expenses. The Government has actually been vigilantly playing a gate-keeping function in accordance with the Scheme of Control Agreements. After rounds of settlements, the 2 power business ultimately consented to decrease the typical Net Tariff beginning January next year. Relating To the Basic Tariff, CLP Power accepted minimize the next year’s Basic Tariff to a level lower than the forecasted level of Basic Tariff under its five-year Development Plan, while HK Electric’s Basic Tariff stays constant with the predicted level.
Mr Tse stated, “Based on the two power companies’ estimates, after the tariff adjustment, a typical three-member family household with monthly consumption of 275kWh will pay around $10 less each month compared to the approved rates for 2025.”
The CLP Power Managing Director, Mr Joseph Law, stated, “We expect the tariff reduction to help lower living expenses of households and operating costs of small and medium-sized enterprises. We also allocate $270 million from the CLP Community Energy Saving Fund to promote energy conservation and decarbonisation, support the underprivileged, and inject momentum into Hong Kong’s economy. While geopolitical tensions continue to pose uncertainties to fuel prices, we remain committed to managing fuel costs through a diversified fuel mix as well as upholding prudent financial management and enhancing operational efficiency with innovative technologies in delivering reliable, environmentally responsible, and reasonably priced electricity services.”
The HK Electric Managing Director, Mr Francis Cheng, stated, “HK Electric has been committed to providing Hong Kong with a safe, reliable, and clean electricity supply over the years. Through prudent planning, we continuously replace assets that have reached or exceeded their design or useful lives, in accordance with their depreciation cycles or actual condition to ensure a stable and reliable power supply while avoiding unnecessary capital investment. In light of the increasingly severe cyberattack threats, IT systems have to be enhanced also to strengthen their resilience. These capital investments inevitably put pressure on tariffs. Notwithstanding, the relatively stable fuel prices mean the fuel clause charge will be reduced, resulting in the net electricity tariff next year lower than that in January this year.”
Mr Tse stated, “Notwithstanding a minor reduction in average net tariff next January, we encourage the general public to cultivate a green living style and select energy efficient electrical appliances for environmental protection, which will help further reduce electricity expenditure and carbon emissions, and protect the environment. The Government’s Mandatory Energy Efficiency Labelling Scheme (MEELS), which covers 11 types of appliances, has fully implemented new grading standards for refrigerating appliances, washing machines and storage type electric water heaters since September 2025. The full implementation of MEELS is expected to bring an additional energy saving of about 270 million kWh per year, which is equivalent to annual electricity consumption of 80 000 typical three-member family households. The public is encouraged to visit Energy Saving Tips in Government’s webpage Energy Saving for All to get to know more about ways to save energy and practice ‘smart electricity consumption’ together.”