Small Increase in 2018 Electricity Tariffs for CLP and HKEI; No Change in FVEs
In their annual tariff reviews, both electricity operators CLP Holdings and HK Electric Investments, or HKEI, will increase average net tariffs by 1.9% in 2018 to HKD 1.154 per kilowatt hours and HKD 1.125 per kilowatt hours, respectively. The increase was largely in line with our expectations and reflects the electricity operators’ focus in maintaining slight increases in electricity tariffs, conscious of the scrutiny attracted by a rapid increase in electricity prices for households. Our narro...CLP Holdings is an investment holding company. Through its subsidiaries, Co. operates five geographical regions, Hong Kong, Mainland China, India, Southeast Asia and Taiwan, and Australia. In Hong Kong, Co. generates, distributes and provides electricity supply. In china, Co. produces power with a focus on clean and low-carbon energy, including nuclear and renewables. In India, Co. has a diversified generation portfolio comprising coal, gas and renewable energy. In Southeast Asia and Taiwan, Co. has interests in Taiwan's Ho-Ping Power Station and Lopburi solar project in Thailand. In Australia, Co.'s asset portfolio includes coal, gas and wind generation and gas storage facilities.
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