HK Electric: May Fuel Clause Charge to Be Cut to 26 Cents per Unit of Electricity; Higher Fuel Costs Expected to Take Effect from Mid-Yr
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HK Electric announced a reduction in the Fuel Clause Charge (FCC) for May 2026 to 26 cents per unit of electricity, down 4.4 cents from April. However, this decrease does not account for the recent surge in international oil and natural gas prices due to Middle East tensions. The company indicated that higher fuel costs will impact the FCC starting mid-year, leading to a significant increase in charges.
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