A new round of HK$1,000 electricity tariff subsidy will be provided to each eligible residential electricity account starting in June, with the scheme, costing about HK$2.9 billion, expected to benefit around 2.9 million households.
The subsidy scheme is one of the one-off relief measures announced by Financial Secretary Paul Chan Mo-po in his 2023-24 Budget so as to alleviate economic pressure on the public.
Starting from June 2023, an HK$80 subsidy will be credited to each residential electricity account with CLP Power Hong Kong Ltd (CLP) or the Hongkong Electric Co Ltd (HK Electric) on the first day of each month for 11 consecutive months.
Another HK$120 subsidy will be credited to the electricity accounts in the 12th month, making up a total of HK$1,000.
The credits under the new subsidy scheme, together with the unused credits provided under similar schemes in previous years, can be used for the purpose of offsetting the billed charges for electricity consumed under the account.
Any unused credits can be carried forward to cover billed electricity charges under the same account until December 31, 2025, or until the account is closed, whichever is earlier.
The credits under the new subsidy scheme will be reflected in the electricity bills for residential accounts with the two power firms.
Users may contact CLP’s Customer Service Hotline on 2678 2678 or HK Electric’s Customer Service Hotline on 2887 3411 for inquiries on account matters.
More details of the new subsidy scheme can be found at www.fstb.gov.hk.