HK Electric will increase its fuel clause charge for June by 20.4 per cent amid rising oil prices linked to the Middle East conflict. The company serves Hong Kong Island and Lamma Island. It warned the charge may keep rising in coming months.
HK Electric announced the adjustment on Friday. The fuel clause charge will rise to 31.3 HK cents per unit of electricity in June from 26 HK cents in May.
“The adjustment begins to reflect the significant rise in international fuel prices arising from the Middle East conflict. However, due to the ‘deferred effect’, the current level has yet to fully capture the changes in fuel costs,” the company said.
The net tariff paid by consumers combines the basic tariff and the fuel clause charge. HK Electric expects the fuel clause charge to continue increasing in the coming months.
