News indicates that the two power companies will reduce electricity fees next year by approximately 2%

CLP HOLDINGS (00002.HK) and Hongkong Electric-SS (02638.HK) are expected to announce their electricity tariff adjustment plan for next year as early as today (18th). According to reports, both companies will reduce electricity tariffs next year, but the annual reduction will be slight, approximately 2%, which means the average net electricity tariff for both companies will decrease by about 3 to 4 cents per kilowatt-hour.

In January of this year, CLP's average net electricity tariff was 144.3 cents per kilowatt-hour, while Hongkong Electric's was 167 cents per kilowatt-hour.

Yesterday (17th), CLP announced that it will allocate HKD 270 million through the CLP Community Energy Saving Fund to launch multiple community support programs next year, fully promoting energy saving and carbon reduction in society and supporting vulnerable communities.

Hongkong Electric also announced yesterday that it will allocate over HKD 80 million next year to enhance its "Smart Electricity Saving Service," which includes continuing to distribute cash vouchers to families in need, funding building energy efficiency improvements, supporting disadvantaged families in purchasing energy-saving appliances, and trialing renewable energy on Peng Chau Island