Electricity Charges Relief Set

A new round of a one-off $2,000 electricity charges subsidy will be provided to eligible residential households from January, the Government announced today.

 

The subsidy, one of the relief measures announced by the Financial Secretary to counter the challenging external and local economic environments, will benefit more than 2.7 million households.

 

Starting from January, $160 will be credited to each residential electricity account with CLP Power Hong Kong (CLP) and the Hongkong Electric Company (HK Electric) on the first day of each month for 11 consecutive months.

 

A subsidy of $240 will be credited on the 12th month.

 

The credit, together with unused credit provided under similar schemes in 2008, 2011, 2012 and 2013 and the relief provided under the Electricity Charges Relief Scheme, can be used to offset the billed charges for electricity consumed under an account.

 

Any unused credit can be carried forward in the same account up to December 31, 2022 or the close of the account, whichever is earlier.

 

The credit under the new subsidy scheme will be reflected in the bills for residential accounts with the two electricity companies.

 

Call CLP at 2678 2678 or HK Electric at 2887 3411 for enquiries.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more