Tariff Adjustment Part A CLP Tariff Package (1 October 2018 to 31 December 2019) Part B Frequently Asked Questions Part C Electricity Tariff 1
Part A CLP Tariff Package (1 October 2018 to 31 December 2019) 2
3 July 2018 中華電力有限公司 CLP Power Hong Kong Limited Executive Council approves CLP Power s Five-Year Development Plan New Tariff and Monthly Fuel Cost Adjustment Come into Effect on 1 October CLP Power Hong Kong Limited (CLP Power) today welcomed the decision by the Executive Council of the Hong Kong SAR Government to approve its Development Plan for 2018-2023. CLP Power also announced the first tariff package under the new Scheme of Control Agreement (SCA) which comes into effect on 1 October 2018. The tariff package will apply for 15 months until 31 December 2019. At the same time, a new Monthly Fuel Cost Adjustment will be introduced to reflect fuel price changes in a timelier manner. From 1 October 2018, CLP Power s Average Basic Tariff will be reduced by 3.7% to 91 cents per unit of electricity. The Fuel Cost Adjustment will be adjusted upwards by 5.8 cents to 27.8 cents per unit of electricity, mainly due to the substantial increase in fuel prices. CLP Power will continue to offer a Rent and Rates Special Rebate* of 1.1 cents per unit of electricity to all customers. The Average Net Tariff on 1 October will be HK$1.177 per unit of electricity, equivalent to an upward adjustment of 2%. Starting at the beginning of the new SCA, CLP Power s Development Plan covers the period from 1 October 2018 to 31 December 2023. As approved by the Executive Council, the projected capital investment for the period is HK$52.9 billion. The Development Plan features a number of important capital projects to support the Government s environmental policy, to make possible the phasing out of coalfired generation units at Castle Peak A Power Station, the move to more local gas generation and the transformation of Hong Kong into a smart city. The projects aim to create a greener and smarter energy system to pave the way for Hong Kong s smart city development. Key projects include: Construction of an additional gas-fired generation unit at the Black Point Power Station: With a generation capacity of around 550MW, this new gas-fired generation unit will adopt an advanced Combined Cycle Gas Turbine design. The generation unit will also be equipped with nitrogen oxide reduction facilities, with high fuel efficiency, low emissions, and have high cost effectiveness. The new generation unit is expected to be ready by 2022/2023. 1
Construction of an offshore liquefied natural gas (LNG) terminal: This offshore LNG terminal will ensure a reliable and stable supply of natural gas to Hong Kong in the long term, while allowing Hong Kong to purchase competitively-priced LNG directly from the global market to support future demand for gas-fired power generation. The public inspection process is currently under way for the project s Environmental Impact Assessment report, and the project is expected to be completed by the end of 2020 at the earliest. Enhancement of Clean Energy Transmission System: This project will enhance the reliability and transmission capacity of the existing cross-border transmission overhead line circuits connecting Hong Kong and Mainland China. The enhancement, expected to be completed by 2025, will increase the resilience of the system and provide Hong Kong with greater flexibility for the increased use of zero-carbon energy in future. Coupled with the additional gas-fired generation unit, it will help make possible the phasing out of coal-fired generation units at Castle Peak A Power Station between 2022 and 2025. Installation of generation units at West New Territories Landfill: Initial construction of these units will begin in the second half year of 2018. The project will utilise gas generated from landfill waste and includes the construction of five generation units with a total generation capacity of 10MW, which are expected to go into operation in 2019. CLP Power will continue to support the Government s waste to energy projects including the Organic Waste Treatment Facility and Integrated Waste Management Facility with grid connection and power supply. CLP Power will also promote local renewable energy through the new Feed-in Tariff Scheme. Digital development: All conventional meters of CLP Power s residential and small and medium business customers will be upgraded to smart meters by the mid-2020s to offer customers with innovative digitalised services and a range of energy saving and demand-side management solutions. CLP Power is also strengthening smart grid by building smart transmission and distribution substations to enhance grid performance and support Hong Kong s transformation into a smart city. In addition to continuing support for Hong Kong s major infrastructure developments, new district developments, and other key projects by providing electricity supplies that meet increases in demand, CLP Power will also enhance the resilience of its transmission and distribution network to help meet the challenges of more extreme weather. Enhancement of existing power generation facilities: CLP Power will carry out enhancement works to extend the life of generation units and improve the operational efficiency of five existing gas generation units at Black Point Power Station to help reduce fuel costs and improve performance. 2
Of the total approved investment under the new Development Plan, around 38% will be dedicated to maintaining supply reliability, 30% to lowering carbon and emissions, 24% to meeting new electricity demand and the remaining 8% to building a smart city and digitalisation. Based on the approved capital investment, and taking into account operational costs, the average annual increase in the Basic Tariff over the next five years will be around 1.4%. 3
To support the Government s environmental policy, CLP Power will substantially increase the use of natural gas for power generation in order to meet the fuel mix target of around 50% gas-fired power generation in 2020. As the cost of natural gas for power generation is more than double that of coal-fired generation, fuel costs will increase considerably. It is expected that by 2020, total fuel expenditure by CLP Power will rise by more than HK$2 billion to around HK$15 billion in view of rising fuel costs. CLP Power will meanwhile introduce the new more frequent Fuel Cost Adjustment arrangement from 1 October. The Fuel Cost Adjustment will be made automatically on a monthly basis by calculating the average fuel prices over the preceding three months compared with the projected fuel prices set out in the annual tariff review. The monthly Fuel Cost Adjustment will be published on CLP Power s website and in electricity bills. The new arrangement will reflect changes in fuel price in a timelier manner and with greater transparency. Managing Director of CLP Power Mr TK Chiang said: Upon the implementation of the new SCA, we will continue to strike a balance in managing the tensions of the Energy Trilemma, delivering a world-class safe and reliable supply to expected environmental standards whilst containing the tariff adjustment at reasonable levels. At the same time, we will launch a number of new initiatives including the Feed-in Tariff Scheme, the New CLP Eco Building Fund and the CLP Community Energy Saving Fund to work with the community to embrace low-carbon lifestyles to achieve cleaner air and blue skies and at the same time to provide care and support to the underprivileged. The new five-year plan aims to support the Government s carbon reduction target in 2030 by planning and constructing the infrastructure needed to secure a reliable and stable fuel mix as well as an environmentally friendly electricity supply at competitive prices to meet future customer demand and more stringent carbon reduction requirements. Without the necessary infrastructure, we would not be able to increase our flexibility to tap into cleaner and competitively priced fuels as they become available in the future, he said. Mr Chiang added that international oil prices had increased by about 50% and coal prices by about 40% over the past year. Fuel prices were beyond the control of the power companies and affected everyone. The permitted rate of return had been reduced from 9.99% to 8% under the new SCA and this has helped deliver a 3.7% reduction in Average Basic Tariff in the new tariff package. However, this is more than offset by the rise in fuel costs, resulting in a slight increase of 2% in the Average Net Tariff. For over 70% of residential customers, this will mean an increase of less than HK$10 in their electricity bills per month after 1 October. 4
Mr Chiang said: This adjustment has taken into account the tariff pressure incurred as a result of the need to meet the carbon reduction target in 2020 by increasing the use of natural gas to about 50% in the power generation fuel mix. We are very aware of the fuel cost increases coming in 2020 as we move to the new fuel mix and we will be doing all we possibly can to alleviate the tariff pressure on our customers. Details on Tariff from 1 October 2018 to 31 December 2019 Tariff from Change Tariff Component 1 January 2018 Tariff from 1 October 2018 (cents per unit) (cents per unit) (cents per unit) Average Basic Tariff 94.5-3.5 91.0 Fuel Cost Adjustment 22.0 +5.8 27.8 Rent and Rates Special -1.1 0-1.1 Rebate* Average Net Tariff 115.4 +2.3 117.7 (+2.0%) *At some point in Q4 2018 or in 2019, the Rent and Rates refund available from Government as a R&R Special Rebate is expected to be used up, when the Average Net Tariff will be increased by 0.9% from 117.7 cents per unit to 118.8 cents per unit. Please click here to view the details on tariff impact on residential and nonresidential customers. Forecast tariff path in five-year Development Plan # January September 2018 Year (cents per unit) Average Tariff Basic October 2018 - December 2019 2020 2021 2022 2023 94.5 91.0 93.4 96.5 99.1 101.9 Fuel Clause 22.0 27.8 32.4 36.2 37.4 37.4 Charge Rent & Rates Special Rebate* -1.1-1.1 - - - - Average Net 115.4 117.7 125.8 132.7 136.5 139.3 Tariff # The projected electricity tariffs for 2020 to 2023 are only projections and the actual tariffs to be charged to consumers each year will be determined in the respective annual Tariff Review having regard to various factors, particularly the actual fuel costs prevailing at the time. The average Basic Tariff Rate during the entire new Development Plan period is projected to increase at an annual rate of 1.4%. 5
CLP Holdings Limited today also issued an announcement to the Hong Kong Stock Exchange about the Executive Council of the Hong Kong SAR Government approving CLP Power s Development Plan for 2018-2023. Please click here to view the details. About CLP Power Hong Kong Limited CLP Power Hong Kong Limited ("CLP Power") is the Hong Kong utility subsidiary wholly owned by CLP Holdings Limited, a company listed on the Hong Kong Stock Exchange and one of the largest investor-owned power businesses in Asia. CLP Power operates a vertically integrated electricity supply business in Hong Kong, and provides a highly reliable supply of electricity and excellent customer services to 6 million people in its supply area. - Ends - 6
Part B Frequently Asked Questions
1. What will the tariff from October 2018 to December 2019 be? From 1 October 2018, the Average Basic Tariff will be reduced by 3.7% to 91 cents per unit of electricity. Due to the substantial increase in fuel prices, the Fuel Cost Adjustment will be adjusted upwards by 5.8 cents to 27.8 cents per unit of electricity. With the offering of the Rent and Rates Special Rebate* of 1.1 cents per unit of electricity to all customers, the Average Net Tariff will be HK$1.177 per unit of electricity, equivalent to an upward adjustment of 2%. We will continue to offer the Energy Saving Rebate Scheme to help customers with low consumption levels and encourage energy conservation. Details of Tariff from 1 October 2018 to 31 December 2019 Tariff Component Tariff from 1 January 2018 Change Tariff from 1 October 2018 (cents per unit) (cents per unit) (cents per unit) Average Basic Tariff 94.5-3.5 91.0 Fuel Cost Adjustment 22.0 +5.8 27.8 Rent and Rates Special -1.1 0-1.1 Rebate* Average Net Tariff 115.4 +2.3 117.7 (+2.0%) 2. Why is the tariff being adjusted? We will continue to do all we can to control costs and reduce the Basic Tariff. Under the new tariff package, the Average Basic Tariff will be reduced by 3.7% to 91 cents per unit of electricity. However, international oil prices have increased by a bout 50% and coal prices by about 40% over the past year. The reduction has been more than offset by the rise in fuel costs. From 1 October 2018, the Fuel Cost Adjustment will be adjusted upwards by 5.8 cents to 27.8 cents per unit of electricity. With the offering of the Rent and Rates Special Rebate* of 1.1 cents per unit of electricity to all customers, the Average Net Tariff will be HK$1.177 per unit of electricity, equivalent to an upward adjustment of 2%.
3. What measures has CLP taken to lessen the impact of the tariff increase? We understand customers are very concerned about any tariff changes, therefore we are doing our utmost to adjust the tariff at reasonable levels. Under the new tariff package, the Average Basic Tariff will be reduced by 3.7% to 91 cents per unit of electricity. However, international oil prices have increased by a bout 50% and coal prices by about 40% over the past year. The reduction has been more than offset by the rise in fuel costs, resulting in a slight increase of 2% in the Average Net Tariff. To manage our fuel cost, we will source diversified fuels and use high energy-efficient generation facilities, coupled with innovative digitalised services. We will also continue to provide the Energy Saving Rebate Scheme to assist low consumption customers and encourage energy conservation. 4. What is the arrangement for Rent & Rates Special Rebate? The Rent & Rates Special Rebate is a rebate paid back to customers in respect of CLP s claim against the Government for overcharging of our rent and rates in the past. We will follow the principle that all refunds will be returned to customers. In 2012 and 2013, CLP returned to customers the refund received from the Government in respect of the Rent and Rates appeal, through the Rent and Rates Special Rebates, which totalled HK$1.6 billion. For the tariff adjustment which comes into effect from October 2018, we will make a similar rebate* at 1.1 cents per unit of electricity. 5. What will the new arrangement be for the Fuel Cost Adjustment? A more frequent Fuel Cost Adjustment arrangement will be introduced from 1 October 2018. The Fuel Cost Adjustment will be adjusted automatically on a monthly basis by calculating the average fuel prices over the preceding three months compared with the projected fuel prices set out in the annual tariff review. The monthly Fuel Cost Adjustment will be published on CLP s website and in electricity bills. The new arrangement will reflect changes in fuel price in a timelier manner and with greater transparency. 6. What is a smart meter? What is the plan for upgrading smart meters? All conventional meters of CLP s residential and small and medium business customers will be upgraded to smart meters by the mid-2020s, to offer customers with more innovative and digitalised services as well as a range of energy saving and demand-side management solutions.
7. How does CLP help customers save energy? Energy saving helps lessen the burden of electricity expenses. We provide a variety of innovative services and public education programmes to help residential and business customers save energy and reduce their electricity bills. We also encourage the community to embrace low-carbon lifestyles. For residential customers: o The new CLP App connects customers to Eco Power 360, an energy assessment tool that helps them understand their consumption patterns and save energy. o The Eco Rewards scheme allows customers to enjoy exciting rewards by saving energy. o The Smart Energy Experience Centre in Yuen Long provides customers with a onestop shop for smart home and business solutions. o Eco Building Fund to subsidise energy efficiency improvement works in communal areas of residential buildings. For business customers: o A new Smart Enterprise solution helps business customers control and monitor their energy performance anytime, anywhere through a mobile app. o Other energy saving solutions including GREEN PLUS Energy Billboard and Meter Online 3.0 help business customers save energy and reduce operating costs. o Free Energy Audits allow business customers to identify ways to save energy. o For SME customers, the Energy Saving Rewards programme provides the latest green services and equipment along with offers to explore new energy saving opportunities. For public education on energy efficiency, we promote green lifestyle from an early stage and arrange a host of programmes targeting students from kindergarten, primary, secondary schools to tertiary institutions. 8. What new measures is CLP introducing to encourage all customers to save energy under the new Scheme of Control Agreement? A new CLP Community Energy Saving Fund is being launched with around HK$70 million in 2019 to promote energy saving: o CLP Power Connect is a territory-wide energy efficiency and conservation campaign encouraging residential customers to live low-carbon lifestyles. Registered customers may earn rewards by saving energy. Customers can also choose the disadvantaged group they want to support and financial assistance will be offered to offset the electricity expenses of the households in need. o The CLP Electrical Equipment Upgrade Scheme provides subsidies to business customers, in particular small and medium-sized enterprises for the replacement or upgrading of electrical equipment to more efficient models.
o Around HK$10 million of the fund will be used to give direct assistance to people living in subdivided units. Subsidies will be provided for the landlords of subdivided units for the rewiring work needed for the installation of individual electricity meters. Around 10,000 eligible tenants will receive financial assistance to alleviate their electricity expenses. The CLP Eco Building Fund has been increased to HK$100 million a year, subsidising building owners to carry out more energy efficiency improvement works in residential, commercial and industrial buildings. The number of free Energy Audits available to business customers has been quadrupled from 150 to 600 a year. 9. What has CLP done to help people in need? We are committed to providing help and care to underprivileged people in our community. We continue to offer the Energy Saving Rebate Scheme to help customers with low consumption levels and to encourage energy conservation. We have launched a new Community Energy Saving Fund to help customers save energy and at the same time supporting the underprivileged. The fund, which will commence its operation in 2019 with around HK$70 million in its first year, will support different initiatives by offering financial assistance to around 40,000 families in need, including 10,000 households living in subdivided units. Each household will receive HK$500 to offset against their electricity expenses. Since 2011, we have partnered with local non-governmental organisations to run Hotmeal Canteens which provide nutritious hot meals at a nominal cost to low-income families, the unemployed and elderly people in need. Up to now, more than 460,000 hot meals have been served up in the Sham Shui Po, Kwai Tsing and Kwun Tong districts. We launched the Sharing the Festive Joy programme in 2014, inviting single elderly people and elderly couples to spend festivities such as the Tuen Ng Festival, the Mid-Autumn Festival and Senior Citizen s Day with CLP volunteers to showcase our care for the elderly and spread messages on energy efficiency and safety. More than 3,300 senior citizens have joined the festive meals to date. *At some point in Q4 2018 or in 2019, the Rent and Rates refund available from Government as a R&R Special Rebate is expected to be used up, when the Average Net Tariff will be increased by 0.9% from 117.7 cents per unit to 118.8 cents per unit.
Part C Electricity Tariff 1
RESIDENTIAL TARIFF ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) 1. The Residential Tariff applies to residential customers where electricity is used solely for residential purposes. 2. This Tariff is based on bimonthly meter-readings. 3. This Tariff will be the aggregate of the following items: (a) Energy Charge Total Bimonthly Consumption Block Rate (Cents/Unit) Each of the first 400 units 84.3 Each of the next 600 units 97.7 Each of the next 800 units 113.5 Each of the next 800 units 144.3 Each of the next 800 units 167.2 Each of the next 800 units 177.6 Each unit over 4,200 178.8 Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. 5. Night Water Heating Rate (a) The Night Water Heating Rate is applicable to customers already registered under the relevant scheme. New applications to said scheme are no longer accepted. The charges for the bimonthly consumption under this Rate will be the aggregate of the following items: (i) (ii) (iii) Energy Charge The energy charge is 57.9 cents per unit. Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. Energy Saving Rebate The rebate is only applicable to a bill with total bimonthly consumption of 400 units or less. The rebate will be calculated at the following rate: (c) The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. Energy Saving Rebate The rebate is only applicable to a bill with total bimonthly consumption of 400 units or less. The rebate will be calculated at the following rate: Total Bimonthly Consumption Range Rebate Rate (Cents/Unit) 1-200 units 17.2 cents per unit on total consumption 201-300 units 16.2 cents per unit on total consumption 301-400 units 15.2 cents per unit on total consumption (iv) Total Bimonthly Consumption Range Rebate Rate (Cents/Unit) 1-200 units 17.2 cents per unit on total consumption 201-300 units 16.2 cents per unit on total consumption 301-400 units 15.2 cents per unit on total consumption Rent & Rates Special Rebate The rebate is 1.1 cents per unit. CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. Note: (d) Rent & Rates Special Rebate The rebate is 1.1 cents per unit. CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. 4. Concessionary Tariff for the Elderly (a) Customers aged 60 or above who live either alone or with other similarly qualified elderly, and who are relying on or entitled to Comprehensive Social Security Assistance, are eligible. (c) The approved applicant will be offered half-price for the first 400 units of electricity consumed in two months plus an exemption of the minimum charge per bill. Energy Charge, Fuel Cost Adjustment, Energy Saving Rebate and Rent & Rates Special Rebate under Residential Tariff continue to apply. In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Bimonthly" shall mean the period of approximately two months between a meter-reading (including estimations) and the next one. 6. Minimum charge per bill: $36.00 7. This Tariff, the Supply Rules and other conditions are subject to revision from time to time. 8. Payment of any bill received later than the due date may be subject to a late payment charge of 5% of the original amount due. 9. Customers' energy charge and energy saving rebate shall be adjusted in the following circumstance on a pro-rata basis. If the period between two successive meter-readings is outside the 55-65 days range, an adjustment to the block size under paragraphs 3(a) and 3(c) of the respective applicable energy charge tariff rate and energy saving rebate tariff rate will be made, as follows: Applicable block units = Normal block units x N / 60 N = Number of days between two successive meter-readings
NON-RESIDENTIAL TARIFF ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) 1. The Non-Residential Tariff applies where the consumption is not solely for residential purpose. 2. This Tariff is based on monthly meter-readings. 3. This Tariff will be the aggregate of the following items: (a) Energy Charge The energy charge is 100.4 cents per unit. Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. 7. Customers' energy charge and energy saving rebate shall be adjusted in the following circumstance on a pro-rata basis. If the period between two successive meter-readings is outside the 25-35 days range, an adjustment to the block size under paragraph 3(c) of the respective applicable energy charge tariff rate and energy saving rebate tariff rate will be made, as follows: Applicable block units = Normal block units x N / 30 N = Number of days between two successive meter-readings The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. (c) Energy Saving Rebate The rebate is only applicable to a bill with total bimonthly consumption of 400 units or less. The rebate will be calculated at the following rate: Total Bimonthly Consumption Range Rebate Rate (Cents/Unit) 1-200 units 17.2 cents per unit on total consumption 201-300 units 16.2 cents per unit on total consumption 301-400 units 15.2 cents per unit on total consumption (d) Rent & Rates Special Rebate The rebate is 1.1 cents per unit. CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. 4. Minimum charge per bill: $36.00 5. This Tariff, the Supply Rules and other conditions are subject to revision from time to time. 6. Payment of any bill received later than the due date may be subject to a late payment charge of 5% of the original amount due. Note: In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Monthly" shall mean the period of approximately one month between a meter-reading (including estimations) and the next one.
BULK TARIFF ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) 1. Customers whose present or expected monthly consumption is not less than 20,000 units may apply to the Company in writing for supply under Bulk Tariff. 2. This Tariff is based on monthly meter-readings. 3. This Tariff will be the aggregate of the following items: (a) Demand Charge Based on the monthly maximum demand in kilovoltamperes (kva): On-Peak Period Each of the first 650 kva $ 68.4 Each kva above 650 $ 65.4 (Minimum on-peak billing demand: 100 kva) 4. High Load Factor Rider (a) (c) The High Load Factor Rider (HLFR) is available to Bulk Tariff customers whose average monthly total consumption per kva of average monthly "Maximum Billing Demand" in the preceding 12 months is higher than 500 units per kva HLFR provides lower charges for energy consumption over 500 units per kva of "Maximum Billing Demand" in the month The reduction in the energy charges to the customers will be calculated at the following rate: Each of the 501st unit to 600th unit per kva of "Maximum Billing Demand" Each unit over 600 units per kva of "Maximum Billing Demand" 5.2 cents 10.5 cents (c) (d) Off-Peak Period Each off-peak kva up to the on-peak billing demand $ 0.0 Each off-peak kva in excess of the on-peak billing demand $ 26.8 Energy Charge Total Monthly Consumption Block Rate (Cents/Unit) On-Peak Period Each of the first 200,000 units 72.6 Each unit over 200,000 71.0 O ff- Peak Period Each unit 64.9 Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. Rent & Rates Special Rebate The rebate is 1.1 cents per unit. CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. 5. This Tariff, the Supply Rules and other conditions are subject to revision from time to time. 6. Payment of any bill received later than the due date will be subject to a late payment charge of 5% of the original amount due. 7. A customer's application for supply under this Tariff may be refused if, within 12 months prior to such application, he/she has ceased to be supplied under this Tariff at his/her own request. 8. Customers' energy and demand charges shall be adjusted in the following circumstances on a pro-rata basis. - Energy Charge If the period between two successive meter-readings is outside the 25-35 days range, an adjustment to the block size under paragraph 3 of the respective applicable energy charge tariff rate will be made, as follows: Applicable block units = Normal block units x N / 30 N = Number of days between two successive meter-readings - Demand Charge For any billing period less than 22 days at the beginning or end of supply, the demand charge will be calculated on a pro-rata daily basis, as follows: Billed demand charge = Unadjusted demand charge x P / 30 P = Number of days in the period billed at the beginning or end of supply Note: In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Monthly" shall mean the period of approximately one month between a meter-reading (including estimations) and the next one. - "Maximum Billing Demand" is the higher of on-peak billing demand and off-peak billing demand for the month. - "Off-peak Period" is the daily period between 2100 hours and 0900 hours and all day Sundays and Public Holidays (i.e. General Holidays as defined in Holidays Ordinance). - "On-peak Period" comprises all other hours.
LARGE POWER TARIFF ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) 1. Customers whose present or expected demand is not less than 3,000 kva may apply to the Company in writing for supply under Large Power Tariff. (d) Rent & Rates Special Rebate The rebate is 1.1 cents per unit. 2. This Tariff is based on monthly meter-readings. 3. This Tariff will be the aggregate of the following items: (a) Demand Charge Based on the monthly maximum demand in kilovoltamperes (kva): On-Peak Period Each of the first 5,000 kva $ 120.3 Each kva above 5,000 $ 115.3 (Minimum on-peak billing demand: 50% of the highest on-peak billing demand under Large Power Tariff during the Summer Months of the immediately preceding 12 months.) Off-Peak Period Each off-peak kva up to the on-peak billing demand $ 0.0 Each off-peak kva in excess of the on-peak billing demand $ 33.9 CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. 4. Riders Available to Large Power Tariff Customers in Hong Kong 4.1 High Voltage Super Demand Rider (a) The High Voltage Super Demand Rider (HVSDR) is available to Large Power Tariff customers who meet the following requirements: (i) the on-peak demand or off-peak demand, whichever is higher, is not less than 35,000 kva; and (ii) supplied at 33kV and above and/or through a dedicated supply from CLP 132kV primary substation. If for any billing month, a Large Power Tariff customer fails to meet the requirements for HVSDR, he/she will be charged in accordance with the Large Power Tariff without HVSDR. The charges under the HVSDR will be the aggregate of the following items: Billing Demand Shortfall There is no charge if on-peak billing demand or off-peak billing demand is not less than 3,000 kva. The Shortfall will be based on the difference between 3,000 kva and the higher of on-peak billing demand and off-peak billing demand. Each kva short of 3,000 kva $ 120.3 Energy Charge (i) Demand Charge Based on the monthly maximum demand in kilovoltamperes (kva): On-Peak Period Each of the first 5,000 kva $ 111.1 Each kva above 5,000 $ 105.9 (Minimum on-peak billing demand: 50% of the highest on-peak billing demand under Large Power Tariff during the Summer Months of the immediately preceding 12 months.) (c) Total Monthly Consumption Block Rate (Cents/Unit) On-Peak Period Each of the first 200 units per kva of on-peak billing demand 55.5 Each unit in excess of above 53.5 O ff- Peak Period Each unit 45.7 Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. (ii) Off-Peak Period Each off-peak kva up to the on-peak billing demand $ 0.0 Each off-peak kva in excess of the on-peak billing demand $ 31.8 Energy Charge Total Monthly Consumption Block Rate (Cents/Unit) On-Peak Period Each of the first 200 units per kva of on-peak billing demand 53.4 Each unit in excess of above 51.3 O ff- Peak Period Each unit 43.6 Note: In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Monthly" shall mean the period of approximately one month between a meter-reading (including estimations) and the next one. "Summer Months" are the billing months of May through October. - "Maximum Billing Demand" is the higher of on-peak billing demand and off-peak billing demand for the month. - "Off-peak Period" is the daily period between 2100 hours and 0900 hours and all day Sundays and Public Holidays (i.e. General Holidays as defined in Holidays Ordinance). - "On-peak Period" comprises all other hours. (iii) Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. Continued
ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) LARGE POWER TARIFF (Continued) (iv) Rent & Rates Special Rebate The rebate is 1.1 cents per unit. 4.2 High Load Factor Rider (a) CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. The High Load Factor Rider (HLFR) is available to Large Power Tariff customers whose average monthly total consumption per kva of average monthly "Maximum Billing Demand" in the preceding 12 months is higher than 500 units per kva HLFR provides lower charges for energy consumption over 500 units per kva of "Maximum Billing Demand" in the month 8. Customers' energy and demand charges shall be adjusted in the following circumstances on a pro-rata basis. - Energy Charge If the period between two successive meter-readings is outside the 25-35 days range, an adjustment to the block size under paragraphs 3 and 4.1(ii) of the respective applicable energy charge tariff rate will be made, as follows: Applicable block units = Normal block units x N / 30 N = Number of days between two successive meter-readings - Demand Charge For any billing period less than 22 days at the beginning or end of supply, the demand charge will be calculated on a pro-rata daily basis, as follows: Billed demand charge = Unadjusted demand charge x P / 30 P = Number of days in the period billed at the beginning or end of supply (c) The reduction in the energy charges to the customers will be calculated at the following rate: Each of the 501st unit to 600th unit per kva of "Maximum Billing Demand" Each unit over 600 units per kva of "Maximum Billing Demand" 5.2 cents 10.5 cents 5. This Tariff, the Supply Rules and other conditions applicable are subject to revision from time to time. 6. Payment of any bill received later than the due date will be subject to a late payment charge of 5% of the original amount due. 7. A customer's application for supply under this Tariff may be refused if, within 12 months prior to such application, he/she has ceased to be supplied under this Tariff at his/her own request. Note: In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Monthly" shall mean the period of approximately one month between a meter-reading (including estimations) and the next one. "Summer Months" are the billing months of May through October. - "Maximum Billing Demand" is the higher of on-peak billing demand and off-peak billing demand for the month. - "Off-peak Period" is the daily period between 2100 hours and 0900 hours and all day Sundays and Public Holidays (i.e. General Holidays as defined in Holidays Ordinance). - "On-peak Period" comprises all other hours.
ICE-STORAGE AIR-CONDITIONING TARIFF ELECTRICITY TARIFF (Effective for Consumption on and after 1st October, 2018) 1. Customers who have installed ice-storage air-conditioning systems in their premises are eligible. 2. This Tariff is based on monthly meter-readings. 3. This Tariff will be the aggregate of the following items: (a) Demand Charge Based on the monthly maximum demand in kilovoltamperes (kva): On-Peak Period Each of the first 650 kva $ 68.4 Each kva above 650 $ 65.4 (Minimum on-peak billing demand: 100 kva) Off-Peak Period Each off-peak kva up to the on-peak billing demand $ 0.0 Each off-peak kva in excess of the on-peak billing demand $ 26.8 Energy Charge 4. High Load Factor Rider (a) (c) The High Load Factor Rider (HLFR) is available to Ice-Storage Air-conditioning Tariff customers whose average monthly total consumption per kva of average monthly "Maximum Billing Demand" in the preceding 12 months is higher than 500 units per kva HLFR provides lower charges for energy consumption over 500 units per kva of "Maximum Billing Demand" in the month The reduction in the energy charges to the customers will be calculated at the following rate: Each of the 501st unit to 600th unit per kva of "Maximum Billing Demand" Each unit over 600 units per kva of "Maximum Billing Demand" 5. This Tariff, the Supply Rules and other conditions are subject to revision from time to time. 5.2 cents 10.5 cents 6. Payment of any bill received later than the due date will be subject to a late payment charge of 5% of the original amount due. (c) (d) Total Monthly Consumption Block Rate (Cents/Unit) On-Peak Period Each of the first 200,000 units 72.6 Each unit over 200,000 71.0 O ff- Peak Period Each unit 64.9 Fuel Cost Adjustment The fuel cost adjustment is 27.8 cents per unit. The amount by which the actual cost of fuel is less or more than $700 per 44 gigajoules shall be credited or debited to the Fuel Clause Recovery Account. A fuel cost adjustment will, if appropriate, only be made following review of the cost of fuel and the balance of the Fuel Clause Recovery Account. Rent & Rates Special Rebate The rebate is 1.1 cents per unit. CLP has made a commitment to return to customers any refunds made by Government in respect of CLP s claims against Government s overcharging of our rent and rates over the past years. The actual amount and the eventual time period for this Rent & Rates Special Rebate will be subject to the final resolution of this matter with Government. 7. A customer's application for supply under this Tariff may be refused if, within 12 months prior to such application, he/she has ceased to be supplied under this Tariff at his/her own request. 8. The minimum on-peak billing demand may be waived at the discretion of the Company. 9. Customers' energy and demand charges shall be adjusted in the following circumstances on a pro-rata basis. - Energy Charge If the period between two successive meter-readings is outside the 25-35 days range, an adjustment to the block size under paragraph 3 of the respective applicable energy charge tariff rate will be made, as follows: Applicable block units = Normal block units x N / 30 N = Number of days between two successive meter-readings - Demand Charge For any billing period less than 22 days at the beginning or end of supply, the demand charge will be calculated on a pro-rata daily basis, as follows: Billed demand charge = Unadjusted demand charge x P / 30 P = Number of days in the period billed at the beginning or end of supply Note: In this rate table, - "Unit" shall mean one kilowatt-hour (kwh) of electricity - "Monthly" shall mean the period of approximately one month between a meter-reading (including estimations) and the next one. - "Maximum Billing Demand" is the higher of on-peak billing demand and off-peak billing demand for the month. - "Off-peak Period" is the daily period between 2100 hours and 0900 hours and all day Sundays and Public Holidays (i.e. General Holidays as defined in Holidays Ordinance). - "On-peak Period" comprises all other hours.