HK Electric to cut fuel charge for first time in 4 months as CLP raises rate

HK Electric customers are set to pay less for electricity in October after the Hong Kong supplier cut its fuel charge for the first time in four months, but it warned that international energy prices remained volatile. CLP Power, the city’s other electricity supplier, will raise its energy prices next month. HK Electric, which mainly supplies Hong Kong Island and Lamma Island, said on Friday that its fuel clause charge would fall by 1.4 HK cents to 59.3 cents per kilowatt hour (kWh) in...