Govt Vows To Keep Electricity Tariff Hikes To Minimum
"); jQuery("#212 h3").html("

"); });
2022-10-28 HKT 13:54
Secretary for Environment and Ecology Tse Chin-wan said the government will try to keep an expected increase in electricity charges to a minimum.
One of the city's power firms, CLP, said on Wednesday that tariff increases are "unavoidable" next year, citing surging fuel prices.
Speaking on a Commercial Radio programme on Friday, Tse noted that tariffs for the coming year will be announced in late November at the earliest, as the government is still in talks with the city's two power companies, CLP and HK Electric.
Asked if the tariff hikes could reach double-digits, Tse said: "We hope all increases would be kept to their lowest levels, this is our goal.
"As we haven't ended our discussions, it is not appropriate for me to disclose anything, but I can guarantee that we will try our best in working towards this goal."
Tse pointed out that government subsidies for electricity charges are still in place
He also called on people to use more energy-efficient products.
HK Electric customers paid 7 percent more for electricity this year, while charges for CLP customers in Kowloon and the New Territories rose 5.8 percent.
EDENA Unveils AI System To Automate Sovereign Asset Settlement
At the DAT Summit Hong Kong, EDENA Capital Partners launched the Autonomic Financial OS. The company describes it as an... Read more
Naver Exposes 15,000 Knowledge IN Users Activity, Moves To Improve Privacy Controls
Naver has announced measures following an incident in which around 15,000 users’ activity histories on Knowledge iN w... Read more
Japans PayPay Files For US IPO, Targets Valuation Above US$10B
SoftBank‘s digital payments unit, PayPay, has filed publicly for a US IPO. The listing could be the largest by a Japa... Read more
Inference Research Launches In Hong Kong With US$20M Seed Funding
Inference Research, an AI-native quantitative trading firm based in Hong Kong, has announced its launch and the expecte... Read more
London-Based Unlimit Appoints Michele Fung To Lead APAC Expansion
London-based fintech company Unlimit, which provides a broad range of financial technology services, has appointed Mich... Read more
SoFi Launches Digital Asset Trading In Hong Kong Through OSL Partnership
SoFi Securities (Hong Kong) (SoFi Hong Kong) and OSL Group have announced a partnership to offer digital asset trading ... Read more