HK electricity prices increase or narrow next year

The tariff increases for the two power companies next year will be announced next month. Some environmental groups predict that after the two power companies discuss with the government, the tariff increase of CEC should be within 4% to 5% next year, and the increase of HEC should be within 0.5% to 1%, which is lower than the 5.9% and 2.9 that were implemented earlier this year. % increase. The group has further lowered the rate of increase by assuming that CLP will adopt all West-East Gas natural gas in the coming year, together with the decline in international coal prices and the calculation of the fuel accounts. However, the tariff increase will increase in the next two years. It is expected that the increase in 2015 will be affected by the two-year five-year development plan, and there may be double digits.

The Center for Energy and Environmental Policy Research of the Department of Management Science at the City University of Hong Kong and the World Green Organization estimate the latest increase in fuel prices based on the latest fuel prices. Yu Yuanyi, chief executive of the World Green Organization, said yesterday that the new electricity installations in the new development areas such as Kai Tak and West Kowloon will begin to be booked, adding 4% to CLP's basic electricity tariffs.

The city of Yacheng is about to run out of natural gas, and CLP once pointed out that the natural gas imported from the West-East Gas Pipeline Project is three times more expensive than Yacheng Natural Gas and is expected to put pressure on CLP's power generation costs. Yu Yuanhao pointed out that the estimation has assumed that CLP will use West-East Natural Gas in full in the coming year, which will increase CLP's "fuel price clause charge" by 5% to 10% for the coming year. Basic electricity charges will increase by 4% to 5%.

Hong Kong Island, which supplies power to Hong Kong Island, has a stable development. It is expected that only infrastructure such as the Xingang Railway Line will be accounted for in the coming year, and the basic electricity tariff will not rise as much as 2%. This will benefit from the decline in international coal prices and the The natural gas contract signed by the lamp is relatively long-term and the price is relatively stable. It is expected that the HEC’s “fuel price clause fee” can be slightly lowered by 1.5% to 3%, and the overall electricity bill will increase by 0.5% to 1% in the coming year.

The establishment of the fund by the Central Committee for the stabilization of the fund ended June 30 this year, with the CEC's fuel account booked at RMB 711 million. Zhong Zhaowei, director of the Center for Management of Energy and Environmental Policy at CityU’s Management Science Department, pointed out that since coal prices have fallen by an average of 10%, it is expected that CLP's annual fuel account balance will exceed RMB 1 billion. He pointed out that the current tariff estimate did not include the calculation of the fuel account balance. It is estimated that the increase rate can be further lowered, but he does not think that CLP will come for the next year. The increase will be less than 4%. He explained that it is expected that the 2015 tariff increase will be affected by the five-year development plan. The increase will reach double digits. The CLP will adopt different “tricks” to reduce the increase, and the fuel is expected to Account settlement is one of the tricks. He predicted that natural gas prices will continue to fluctuate in the coming year. He suggested that the government allocate about 4 billion yuan to establish a natural gas stabilization fund to stabilize prices and reduce the burden on the people when natural gas prices rise.

Public welfare subsidy does not help to reduce emissions The spokesman of the Environment Bureau responded that the actual electricity price per year depends on a number of factors, including the forecasted electricity sales, operating costs and fuel prices. The government will continue to monitor and monitor the two electricity companies at reasonable prices. Purchase fuel to ensure that electricity supply in Hong Kong is stable, safe and reasonably priced. Regarding the proposal to set up a "natural gas price stabilization fund," the authorities have proposed to subsidize the use of public funds to subsidize electricity bills, and the more electricity is used, the more subsidies there are. It is believed that there is no incentive to encourage energy conservation and emission reduction. At this stage, there is no intention to consider it.

The spokesperson of the CLP said that it would not comment on the rate of adjustment of the electricity price expected by the group, but understand that the society is very concerned about the adjustment of future electricity prices, CLP will prudent financial management, strictly control costs, and strive to maintain the price adjustment rate at a reasonable level. A HEC spokesman said that he is discussing with the government the price of electricity for the coming year and believes that there will be results by the end of the year.