CLP hands out cash coupons to boost economy

CLP Power Hong Kong Limited will be handing out a total of HK$80 million in cash coupons to nearly 800,000 households to spend in more than 2,400 participating retail and catering outlets to boost the city’s economy.

The coupons, which are being sent to eligible households in the CLP supply area from this month onwards, are intended to provide impetus to different business sectors and help Hong Kong’s economic recovery

Managing Director of CLP Power Chiang Tung-keung said Hong Kong’s economy had slowed down in the past year because of the pandemic, and business owners and members of the public alike were feeling the pressure.

“CLP Power has been an integral part of Hong Kong for 120 years and we would like to give our support to Hong Kong people during these challenging times,” he explained. 

“We allocated more than HK$160 million from the CLP Community Energy Saving Fund to launch a series of community support programs including the first-ever CLP Retail and Catering Coupons program. We believe the distribution of HK$100 in coupons to households will help generate business and create a chain reaction, providing fresh impetus to Hong Kong's economy,” he added.
 
Recipients include residential customers with low electricity consumption and elderly customers eligible for CLP’s concessionary tariff.

They will receive their coupons in the post together with their first electricity bill of 2021 from January onwards.

CLP Power is also distributing coupons through its community partners to 10,000 tenants of subdivided units. 
 
The 2,400 participating retail and catering outlets will include restaurants, bakeries, grocery stores, electrical appliance stores, pharmacies, laundries, hair salons, and social enterprise retail shops.