CLP Power and Hongkong Electric Company (HK Electric) will reduce their average net tariff by 2.6% to 140.6 cents per kWh and 2.2% to 163.3 cents per kWh respectively with effect from January 1, 2026, following negotiations with the Government, the Environment & Ecology Bureau announced today.

Secretary for the Environment & Ecology Tse Chin-wan said that based on the two power companies' estimates, 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 after the tariff adjustment.

After rounds of negotiations, the two power companies agreed to lower the average net tariff. CLP Power will reduce next year's basic tariff to a level lower than the projected level under its five-year Development Plan, while HK Electric's basic tariff remains consistent with the projected level.

Noting that the Government's energy policy objectives are to ensure the public enjoy a safe, reliable and environmentally friendly electricity supply at reasonable costs, Mr Tse emphasised the gate-keeping role it plays in accordance with the Scheme of Control Agreements.

"Notwithstanding a minor reduction in average net tariff next January, we encourage the public to cultivate a green living style and select energy efficient electrical appliances for environmental protection, which will further reduce electricity expenditure and carbon emissions, and protect the environment.”