Hongkongers to pay up to 2.6% less for electricity from 2026 as fuel prices ease
A three-person household would pay about HK$10 less per month with the tariff reductions by CLP Power and HK Electric
Hong Kong residents will see their electricity bills drop by 2.2 to 2.6 per cent in 2026, as the city’s two utility providers cite lower and more stable fuel prices, a welcome shift following last year’s nearly 1 per cent price increase.
In announcements on Tuesday, ahead of the December 7 Legislative Council election, CLP Power and HK Electric said they would reduce residential tariffs by 2.6 and 2.2 per cent respectively from January, compared with a year ago.
The utility providers said they had faced rising operating costs, prompting an increase in their basic tariffs. However, this was offset by a reduction in the fuel surcharge component.
CLP Power, which serves Kowloon, the New Territories and Lantau Island, said it would raise its basic tariff by 3.3 per cent to 101.2 HK cents per kilowatt-hour (13 US cents per kWh) and reduce its fuel charge by 14.9 per cent to 39.4 HK cents per kWh. The adjustments will result in an overall 2.6 per cent reduction in residential bills.
Joseph Law Ka-chun, managing director of CLP Power Hong Kong, said the lower fuel surcharge reflected easing and stabilising international energy prices, even as operating costs continued to climb.
HK Electric, which supplies power to Hong Kong Island and some outlying islands, said it would increase its basic rate by 4.1 per cent to 127.9 HK cents per kWh.