Hong Kong's two major electricity suppliers will provide HK$80-90 million in rebates to eligible households between August and October. This initiative aims to ease financial pressure on residents due to increased energy prices, attributed to the US-Israel war on Iran.
HK Electric will increase its fuel clause charge to 31.3 HK cents per unit in June, a 20.4% rise from May. The company cited the Middle East conflict's impact on international fuel prices, warning that charges are expected to continue increasing in the coming months due to a deferred effect.
HK Electric announced a reduction in fuel clause charges for May to 26 HK cents per kWh, but warned of possible significant rises later due to Middle East conflict disruptions.
HK Electric announces a 4.4 HK cents per kWh reduction in fuel clause charge for May to 26 HK cents, citing January's lower fuel costs. This marks the second consecutive monthly drop, but the company warns that international fuel prices have risen sharply since March due to Middle East geopolitical developments, potentially causing significant cost increases later in 2026.
