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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 today that the Fuel Clause Charge (FCC) for May 2026 will be 26 cents per unit of electricity, representing a further decrease of 4.4 cents compared to that of April. The FCC for May has not yet reflect the significant and sharp surge in international oil and natural-gas prices resulting from heightened tensions in the Middle East since March, HK Electric noted. A spokesperson for HK Electric reiterated that the current adjustment mechanism has an inherent deferred effect. While the FCC for May has decreased due to the lower fuel costs earlier in the year, the impact of the sharp and substantial rise in fuel costs following the outbreak of the Middle East conflict will be unavoidable. These higher fuel costs are expected to take effect in the FCC starting from mid-year, at which point the FCC will rise significantly. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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