CLP and HK Electric slash electricity rates for Nov, marking 2025's lowest

Hong Kong residents can expect lower electricity bills starting next month as the city's two main power providers, CLP Power and HK Electric Company, announce reductions in their fuel adjustment charges. 

These changes will bring the average net tariff per unit of electricity—the combination of Basic Charge and Fuel Clause Charge (FCC)—down for the first time this year.

For HK Electric Company customers, the net rate per unit of electricity will drop by 8.4 percent from 167 cents at the start of the year to 152.9 cents in November. 

This follows a significant 32 percent plunge in its FCC, which will decrease to 30 cents per unit from 44.1 cents in January.

CLP Power is also easing the burden, with its November net rate falling 2.8 percent to 140.3 cents per unit from 143.3 cents earlier this year. 

The company's FCC will edge down to 42.3 cents per unit from 42.5 cents last month, marking an 8.6 percent reduction compared to January's 46.3 cents.

These adjustments represent the lowest fuel charges since January for both utilities. 

Notably, CLP has now lowered its fuel fee for nine straight months.