CLP reports 1.7% YoY drop in HK electricity sales in first half of the year

發佈日期: 2025-08-04 21:19
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CLP Holdings has reported a 1.7 percent drop year-on-year in its electricity sales during the first half of the year.

The power company says while international fuel prices have moderated, geopolitical situations continue to bring uncertainty to energy prices.

Unveiling its interim results, CLP Holdings sold more than 16.4 billion kilowatt-hours of electricity in Hong Kong over the first half of 2025.

That marks a year-on-year dip of 1.7 percent with whittled energy consumption across sectors.

Residential and commercial sectors saw drops of 3.5 and 0.8 percent respectively.

CLP Power attributes the declines to warmer weather in 2024 and the additional sales day from the leap year which raised the base for comparison.

As for potential electricity tariff adjustments, CLP says August fuel prices trimmed from 46.3 cents to 43 cents by 2.3 percent and that will ease consumer burdens.

But ongoing geopolitical uncertainties make price trajectories hard to predict.

The power company says it will reflect energy cost changes through its fee adjustment mechanism.

CLP also noted the surge in data centre-related power demand in the first half of this year, which rose 6.7 percent.

It will continue to support the Northern Metropolis development with grid expansion for data centres there.

On China's latest electricity rate policy to promote renewable energy, CLP says they're keeping a close eye.

CHIANG TUNG-KEUNG, CEO, CLP: "Our strategy actually is to be more selective in terms of the geographical locations as well as looking at those provinces that have higher growth, higher tariff as well as less curtailments."

CLP is also collaborating with car park operators, looking set to double its electric vehicle charging networks to 250 charging points by the end of this year.

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