CLP Power, HK electric to cut net tariffs in 2026

A household with a monthly consumption of 275kWh will pay around $10 less each month.

CLP Power and Hongkong Electric Company (HK Electric) will reduce their average net tariff by 2.6% to 140.6 cents per kWh and 2.2% to 163.3 cents per kWh, respectively, beginning 1 January 2026.

Based on the two power companies' estimates, a typical three-member family household with a monthly consumption of 275kWh will pay around $10 less each month after the tariff reduction compared to the 2025 rates, Secretary for the Environment & Ecology Tse Chin-wan said.

The two power companies entered negotiations with the Government, the Environment & Ecology Bureau for the reduction, a government announcement said.

CLP Power will reduce next year's basic tariff to a level lower than the projected level under its five-year Development Plan, whilst HK Electric's basic tariff remains consistent with the projected level, it added.