HK Electric raises fuel charge by nearly 34% and further increases expected (opens original article in a new tab)

HK Electric increased fuel charge by 34% in July, citing rising global fuel prices due to Middle East conflict, with further increases expected.

• HK Electric raised fuel charge by 33.9% to 41.9 HK cents per unit in July
• Company warned fuel charge will continue rising due to Middle East conflict and global fuel price increases
• HK Electric cut fuel surcharges to 26 HK cents in May based on deferred effect mechanism
• Net tariff combines basic tariff and fuel clause charge