This Saturday, the Community Chest holds its annual fundraising drive: for every HK$1 donated by the public, the CK Hutchison Group and the Li Ka-shing Foundation will jointly match with an additional HK$2.

CK Hutchison Holdings Limited stated that it has long supported The Community Chest and has been one of its top three fundraising organizations for 26 consecutive years. As early as 1999, the CK Group began matching public donations to The Community Chest through various fundraising initiatives, including supporting the 'Community Chest Immediate Relief Fund' on 20 occasions. This year, the CK Group will once again launch the 'CK Donation Hotline' to raise funds for the 'Community Chest Immediate Relief Fund.' In recent years, the CK Group has partnered five times with the Li Ka-shing Foundation to provide 'double-matching' contributions for public donations, benefiting the 'Community Chest Immediate Relief Fund,' the 'Community Chest COVID-19 Emergency Relief Fund,' and the 'Community Chest Medical Assistance Fund.'

AASTOCKSJun 3 13:07

HK Electric has introduced a time-of-use electricity tariff mechanism for residential electric vehicles.

Hongkong Electric (SS) (02638.HK) has announced the launch of a time-of-use electricity tariff mechanism for residential electric vehicle (EV) charging, aimed at encouraging customers to charge their EVs during off-peak hours at residential parking facilities. This initiative enables more effective management of energy costs for customers, assists Hongkong Electric in managing electricity demand on its power system, and supports Hong Kong’s transition toward a low-carbon smart city. Starting June 1, Hongkong Electric customers who charge EVs at residential parking facilities may apply to adopt the newly introduced residential EV time-of-use tariff mechanism. Upon successful application, Hongkong Electric will provide rebates or impose additional charges based on electricity consumption during the time periods listed in the table below. Electricity Usage Period｜Tariff/Rebate (HK cents/

AASTOCKSJun 1 12:53

CLP and HK Electric have raised their fuel cost adjustment charges for June, with further increases expected in the coming months.

CLP Holdings (00002) announced that the fuel cost adjustment charge will be HK$0.426 per kilowatt-hour effective June 1, representing a 5.4% month-on-month increase.

Zhitong FinanceMay 26 16:43

Hong Kong Electric's fuel cost adjustment charge for June increased by 20% month-on-month to HK$0.313 per kilowatt-hour, with further increases expected in the coming months.

HK Electric announced that the fuel cost adjustment charge for June is HK$0.313 per kWh, an increase of HK$0.053 from May’s HK$0.26, representing a month-on-month rise of 20.4%. This adjustment begins to reflect the significant increase in international fuel prices driven by the Middle East conflict; however, due to the 'pass-through lag,' current figures have not yet fully captured the changes in fuel costs, and the fuel cost adjustment charge is expected to continue rising in the coming months. The monthly fuel cost adjustment charge is calculated according to a pre-established mechanism based on the average actual fuel costs over the preceding three months. In other words, the June fuel cost adjustment charge is determined using the average fuel costs from February, March, and April. International crude oil and natural gas prices in recent months have...

AASTOCKSMay 22 17:56

HK Electric (02638.HK): Electricity tariffs in Hong Kong face significant upward pressure; in extreme scenarios, the company would increase coal- or oil-fired power generation.

At the company’s annual general meeting yesterday (20th), Chief Executive Frederick Cheng of Hongkong Electric Investments – SS (HKEX: 02638) stated that the outbreak of war in the Middle East, which has disrupted the Strait of Hormuz—a key global shipping route—has had significant repercussions. Supply conditions in the Australian market have also become unstable, leading to extremely tight supply. Prices of natural gas, a critical fuel source, have surged sharply. Given that the geopolitical situation in the Middle East shows no signs of easing, it is no longer sustainable to lower the fuel cost adjustment charge. As a result, electricity tariffs in Hong Kong face substantial upward pressure and are expected to remain elevated for some time. Mr. Cheng noted that Hongkong Electric’s previous reduction in the fuel cost adjustment charge only reflected energy price conditions at the beginning of this year, and he believes

AASTOCKSMay 21 10:10

HK Electric Investors Approve All AGM Resolutions, Re-elect Board and Reappoint Auditor

TipRanksMay 20 20:10