Hongkongers to pay ‘2% less for electricity’ from January 2026

Hongkongers will pay about 2 per cent less for electricity in 2026, the Post has learned, following a nearly 1 per cent price increase last year.

A source said on Tuesday, ahead of the December 7 Legislative Council election, that residential bills for both CLP Power and HK Electric would be around 2 per cent lower starting in January, compared with a year ago.

The power providers last adjusted their prices in 2024, when CLP and HK Electric’s residential bills rose by 0.98 per cent and 0.9 per cent, respectively, compared with a year ago, after taking into account falling fuel prices.

The average net price per kWh in January was HK$1.44 (19 US cents) for CLP and HK$1.67 for HK Electric.

The electricity price in Hong Kong comprises three parts: a base rate, a fuel-cost surcharge and a rebate.

The base rate refers to the electricity company’s operating expenses, basic fuel costs and profits, while the fuel cost charge is the reimbursement for the fuel they have bought. The base rate and the fuel charge together constitute the net tariff rate.