EEB and power companies announce 2026 electricity tariff adjustment (with photo/video)
The Environment and Ecology Bureau (EEB) and the two power companies announced today (November 18) the electricity tariff adjustment for next year. After negotiation with the Government, CLP Power Hong Kong Limited and Castle Peak Power Company Limited (CLP Power) will reduce their average Net Tariff by 2.6 per cent to 140.6 cents per kWh with effect from January 1, 2026, and the Hongkong Electric Company Limited (HK Electric) will lower their average Net Tariff by 2.2 per cent to 163.3 cents per kWh.
The Secretary for the Environment and Ecology, Mr Tse Chin-wan, said at the press conference today that the Government's energy policy objectives are to ensure that the public will enjoy safe, reliable and environmentally friendly electricity supply at reasonable costs. Therefore, the Government has been diligently playing a gate-keeping role in accordance with the Scheme of Control Agreements. After rounds of negotiations, the two power companies eventually agreed to lower the average Net Tariff starting January next year. Regarding the Basic Tariff, CLP Power agreed to reduce the next year's Basic Tariff to a level lower than the projected level of Basic Tariff under its five-year Development Plan, while HK Electric's Basic Tariff remains consistent with the projected level.
Mr Tse said, "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, said, "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, said, "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 said, "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."
EEB and power companies announce 2026 electricity tariff adjustment (with photo/video) Source: HKSAR Government Press Releases
