HK Electric Investments and HK Electric Investments Limited (HKELECTRIC-SS) announced on September 25 that its fuel adjustment charge for October will be 59.3 HK cents per unit of electricity, down 1.4 HK cents from September, according to a report.

When combined with the basic tariff, the average net electricity rate for October will be 187.2 HK cents per unit, representing a 0.8% decrease compared to September.

A spokesperson for HK Electric Investments and HK Electric Investments Limited (HKELECTRIC-SS) stated that due to the "deferred effect" inherent in the month-on-month adjustment mechanism for the fuel adjustment charge, the October fuel adjustment charge mainly reflects fuel costs incurred during the period from June to August this year.

The spokesperson emphasized that international energy market prices remain volatile, and the future level of the fuel adjustment charge will continue to depend on international fuel price movements. HK Electric Investments and HK Electric Investments Limited (HKELECTRIC-SS) will continue to closely monitor developments in the international energy market, and through prudent procurement strategies and timely adjustments to its fuel mix, strive to minimize the impact of fuel price fluctuations on customers while fully safeguarding stable fuel supply and complying with emission caps.

Between August and October, HK Electric Investments and HK Electric Investments Limited (HKELECTRIC-SS) is providing a "special electricity fee subsidy" of 8 HK cents per unit to residential customers consuming 450 units or less per month, in order to alleviate the impact of rising electricity bills on residential customers.

As for CLP Power, its fuel adjustment charge for October stands at 46.2 HK cents per unit, up 1.1 HK cents from September. Combined with the basic tariff, the average net electricity rate for October will be 147.4 HK cents per unit.