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...HK Electric Investments is an investment trust based in Hong Kong. Co. maintains an investment focus on the power industry. Co.'s operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Co. conducts is operations through its principal operating subsidiary, The Hongkong Electric Company (HEC). HEC's power generation facility is the Lamma Power Station which has an aggregate installed capacity of 3,737 megawatt (MW). Co. provides electricity to 575,000 registered customers on Hong Kong Island and Lamma Island.
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