HK Electric Investments is the first fixed single investment trust listed in Hong Kong with a focus on the power industry. Our principal operating subsidiary, The Hongkong Electric Company, Limited (HK Electric), commenced operations in 1890 and is one of the longest-established utility companies in the world.
Over our long history, we have consistently supported Hong Kong's economic journey by offering safe, reliable and affordable electricity while minimising the impact of our operations on the environment as we strive to deliver sustainable growth in long-term value to our investors.
HK Electric Investments believes that open and on-going communication with our stakeholders is central to our operation and development. We engage different stakeholders through a variety of channels and stakeholder suggestions and feedback are highly valued in our decision making process as we strive for continuous improvements.
Underpinned by its core value of "Pursuit of Excellence", HK Electric is committed to delivering excellent services and supply reliability to our customers. We have been providing a world-class supply reliability of over 99.999% since 1997 and all our service standards are achieved or even surpassed every year.
To satisfy the aspirations from the community, and in support of Government’s energy and environmental policy objectives, HK Electric has launched a suite of "Smart Power Services".
HK Electric is one of the longest-established power companies in the world. The Company has a world-class record of providing a highly reliable electricity supply to Hong Kong and Lamma islands at a reasonable and affordable price.
HK Electric Investments is committed to meeting the long-term energy needs and supporting the sustainable development of the community we serve. To do this, we focus not only on powering Hong Kong with a world-class electricity supply, but also on the way we deliver it and the impacts it has on the environment.
HK Electric aspires to be an employer of choice. We have policies and systems in place to attract talents and through continuous training and development, nurture them for a fulfilling career. We offer competitive remuneration, an ideal workplace and comprehensive wellness programmes for our employees while maintaining regular and open dialogues with them.
In response to media enquiries on HK Electric's 2012 tariff review, a spokesman for HK Electric said that the Company decided to lower the rate of the tariff increase from nearly 8% as originally proposed to the current 6.3% following discussions with the Government before the Legislative Council's Economic Development Panel meeting on 13 December (Tuesday). This was made possible by further increasing the negative balance in the Fuel Clause Recovery Account.
The spokesman explained that about 90% of the 7.8 cent increase per unit of electricity for 2012 would go in meeting higher fuel prices. "With a view to containing the impact of the tariff adjustment on the public as well as small and medium-sized enterprises, while also encouraging energy conservation, HK Electric will further enhance the current tariff structure where customers using more electricity are charged higher tariffs at a progressive rate," he said.
The spokesman said, after a detailed analysis, the Company will lower the tariff adjustment for its domestic customers. Those using 150 units or less a month (the lowest consumption band) will have their tariff increased by 2.64%, or $3.6 or less a month. Following this enhancement, 90% of HK Electric's domestic customers (using 900 units of electricity or less a month) will have their tariffs increased by 4.97 % or less, lower than the local inflation rate. (See Table 1)
To achieve this, the Company will reduce the basic tariff for all domestic customers on the first 500 units of electricity consumed, where the reduction for the first 150 units is as much as 4.4 cents per unit.
The enhanced tariff structure will also ease the burden for the majority of the Company's non-domestic customers as about 70% (using 1,700 units or less a month) will have their tariffs increased by 6.08% or less ($129.5 or below more a month), as compared with the 6.3% increase on average. (See Table 2)
Tariff Adjustment for Domestic Customers
Consumption per month
Percentage of Customers
Net Charge 2011
Net Charge 2012
Tariff Adjustment for Commercial Customers