Hongkongers using CLP Power to pay less due to cheaper global fuel
CLP Power , Hong Kong's biggest electricity provider, will pay lower bills thanks to a decline in global fuel prices in recent months.
Releasing its quarterly results on Monday, the company said monthly fuel costs for consumers dropped to 44.4 HK cents (5.7 US cents) per unit of electricity this month, 'resulting in a 1.3 per cent drop in the average net tariff' from the beginning of the year.
The power firm also reported a 2.6 per cent fall in electricity sales in the first three months of the year as the milder weather reduced demand.
In November of last year, the company announced it would increase its basic tariff from January by 1.44 per cent to 98 HK cents per kilowatt-hour and keep its fuel charge unchanged at 46.3 HK cents per kWh, resulting in an overall increase of 0.98 per cent.
'CLP Power continued to exercise prudent cost controls to ensure reasonably priced energy, while offering additional support available to further relieve the burden on customers in need,' it said.
The company serves more than 2.8 million customer accounts in Kowloon, the New Territories and the outlying islands.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
RTHK
13 minutes ago
- RTHK
Food Expo exhibitors left with taste for more
Food Expo exhibitors left with taste for more The Food Expo begins on Thursday at the Hong Kong Convention and Exhibition Centre. Photo: RTHK Overseas vendors are banking on this year's Hong Kong Food Expo to continue to deliver in their attempts to reach new markets. One of them is senior export manager Malgorzata Pawlik from Polish company Evrafish, which has only sold in Europe. "We are looking forward for new clients and new opportunities," she told RTHK ahead of the expo. "It's our first time here in Hong Kong, and we hope it's going to be very successful for us." This was echoed by Jisu Yu, export manager for South Korea's Hanmandoo Foods. "We are hoping to get more distributors in Hong Kong. We do have a distributor now, but we are hoping to expand our retail buyers," she said. Business Development Manager Antoine Maurer from Hong Kong-based exporter KK Food Trading says success at last year's expo is why the firm is joining again this year. "[There] is a goal to have two [deals] to develop some projects with," he said, adding that the company will continue to try and exhibit in Hong Kong. Along with four other fairs, the five-day expo begins on Thursday in Wan Chai, with organisers hoping to attract half a million visitors.
RTHK
5 hours ago
- RTHK
Cathay pursues new SAF partnerships for 2030 goals
Cathay pursues new SAF partnerships for 2030 goals The partnership between the Cathay Group and DHL Express aims to reduce carbon emissions within the air cargo sector and actively drive increased SAF production and adoption. Photo: RTHK The Cathay Group said on Wednesday that it is actively pursuing new partnerships to expand the use of sustainable aviation fuel (SAF) across its global network, reaffirming its commitment to decarbonise aviation and achieve its environmental targets. The company aims to source 10 percent of its total fuel consumption from SAF by 2030, a critical milestone in the group's broader pledge to achieve net-zero carbon emissions by 2050. Demonstrating this strategy, Cathay announced a agreement to supply DHL Express with 2,400 tonnes of SAF, which will be used specifically on international cargo flights operated by Air Hong Kong, Cathay's wholly owned all-cargo subsidiary, departing from Incheon International Airport, Tokyo Narita International Airport and Singapore Changi Airport. The partnership aims to reduce carbon emissions within the air cargo sector and actively drive increased SAF production and adoption. "We've been working very hard with different stakeholders because we know that using SAF is not only airlines' efforts, we need policy support [and] we need the supply chain in this part of the world to develop and we need supporting partners and customers that would support the further uplift of SAF so definitely this partnership is an important goal for us to get one step closer to that target," Grace Cheung, general manager of sustainability at Cathay, said. "We have launched the first major corporate SAF programme in Asia, and we've seen continuous growth and support from different customers, partners that help us with the journey along the way and we'll continue to work with other new initiatives that bring us one step closer at a time to reach that target." The group said the specific collaboration with DHL Express is projected to reduce lifecycle greenhouse gas emissions by approximately 7,190 tonnes, which is equivalent to the emissions from over 100 Hong Kong-Singapore flights using an Airbus A330 freighter. Cheung acknowledged the significant cost challenge, noting that SAF is typically three to five times more expensive than conventional jet fuel, but said the group has been leveraging its global network to find the best deals globally. She said collaborating with like-minded corporate partners like DHL is essential to manage costs and drive decarbonisation throughout the supply chain. "We believe that for such important change of the use of SAF to support decarbonisation not only for one company, not only for one industry, but actually for the whole economy. We really need some holistic long-term approach and such a policy is very important," she said. "We need a holistic approach with the support on the supply side, from R&D (research and development) to development of SAF production plants, all the way to the demand side, how to deal with and cope with the SAF green premium that we talked about, what's a holistic structure to have in the SAF market that we can help get it off the ground. "That would be very important for Hong Kong as it continues its leadership position as an international aviation hub."
South China Morning Post
5 hours ago
- South China Morning Post
How does Tam Jai's new HK$18 canned zhajiang meat topping compare to the fresh stuff?
Best known for its steaming bowls of noodle soup, Hong Kong restaurant chain Tam Jai Yunnan Mixian has launched a canned version of its zhajiang topping, a fermented bean and minced meat sauce. Zhajiang is a popular topping at Tam Jai, which takes inspiration from Hong Kong's pick-and-mix 'cart noodle' shops . In operation since 1996, it has more than 240 locations, mostly in Hong Kong but also in mainland China, Singapore, Japan and Australia. It is well known for its Tam Jai jeh jehs, the waitresses who make up much of its workforce (jeh jeh means 'older sister', or auntie, in Cantonese). Sometimes called Chinese or Beijing bolognese sauce, zhajiang is traditionally made with fermented bean sauce and sliced or minced meat, such as pork or beef. It is often eaten with noodles in a dish known as zhajiangmian , which is said to have originated in mainland China's Shandong province. Zhajiang translates as 'deep-fried sauce' in Mandarin. It comes from the cooking process where, after a period of frying, the oil separates from the solid ingredients and floats to the top, giving the illusion that the sauce is being deep-fried. 02:53 Hong Kong noodle chain Tam Jai just released a canned version of its popular 'zha jiang' sauce, but Hong Kong noodle chain Tam Jai just released a canned version of its popular 'zha jiang' sauce, but Hong Kong versions of zhajiang sauce typically have added sugar and taste sweeter than their mainland counterparts.
