CLP Power launches $58m coupons programme to boost consumer spending

This will benefit around 580,000 households.

CLP Power Hong Kong Limited has allocated $58m to distribute coupons to nearly 580,000 households to boost their spending on retail and catering.

In a statement, CLP Power said this is part of the company’s third CLP Retail and Catering Coupons Programme to benefit households, including residential consumers with low electricity consumption and elderly customers receiving tariff concessions.

Eligible households have been receiving two coupons worth $100 since mid-April which they can use at over 2,500 participating retail and catering outlets including restaurants, bakeries, grocery stores, hair salons, and pharmacies, amongst others.

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“With the resumption of overseas travel by Hong Kong citizens and the changing consumption patterns of tourists visiting Hong Kong, the retail and catering sectors face many challenges,” said CLP Power Managing Director Joseph Law.

“We are launching the CLP Retail and Catering Coupons Programme for a third time to stimulate local consumption, alleviate the pressure faced by small and medium-sized enterprises in operating their business, and add momentum to the Hong Kong economy,” he added.

The programme was first launched in 2021 and 2022 amidst the pandemic. The budget was funded by the CLP Community Energy Saving Fund.