CLP to raise fuel cost adjustment next month, first increase in more than a year
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CLP Power, Hong Kong's largest electricity supplier, will increase its fuel cost adjustment (FCA) from 39.2 HK cents to 39.8 HK cents per kilowatt-hour starting April 1, marking the first rise in over a year. The adjustment, reflecting changes in actual fuel prices, is primarily due to higher natural gas prices influenced by geopolitical tensions. The net electricity charge for April will be 141 HK cents (18 US cents) per kWh. HK Electric will announce its FCA later, based on international developments.
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