, Hong Kong

Government intensifies rules for tariff hikes

The 2 big power companies better be fair.

According to a release, Secretary for the Environment KS Wong says the Government will take gate-keeping measures to ensure tariff increases by Hong Kong's two power companies are reasonable and balanced.

Speaking to the media today, Mr Wong said energy prices have an impact on the power companies, adding inflation may not be directly linked.

He said the Government is discussing tariff increases with them, and he hopes to announce the results next week.

He reiterated the Government attaches great importance to better air quality.

“Cleaner air is really our top priority in terms of environmental policy. We would like to have a stronger, more effective policy on this for public health. So we will probably launch a new initiative very soon. Probably the Chief Executive will announce something in his policy address.”

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Gov’t tightens scaffold net rules after Tai Po fire
Construction sites are monitored; authorities enforce safety regulations strictly.
Land prices exceed 30% in H2 as developers regain appetite: JLL
Developers have regained their appetite for land acquisition and confidence in the residential market.
Residential
Monetary Authority lowers base rate to 4%
The decrease followed a 25-basis point downward adjustment in the US federal funds target.
Economy