CLP to raise fuel cost adjustment next month, first increase in more than a year

CLP Power, Hong Kong’s largest electricity supplier, will raise its fuel cost adjustment (FCA) next month – the first increase in more than a year – citing changes in actual fuel prices. Starting from April 1, the FCA will rise from 39.2 HK cents to 39.8 HK cents per kilowatt-hour, an increase of 0.6 HK cents, according to the power supplier’s website on Wednesday. CLP serves Kowloon, the New Territories and Lantau Island. With the basic tariff included, the net electricity charge for April w...

By Danny Mok