, India
Photo by Pixabay on Pexels

CLP Power's Q1 electricity sales rise 3.7% YoY

The commercial segment held a 40% share in the 7,279 GWh total sales.

CLP Power Hong Kong saw a 3.7% year-on-year increase in electricity sales in the first quarter to reach 7,279 gigawatt-hours (GWh) due to higher demand brought by warmer weather.

In a statement, CLP Power said commercial consumers accounted for the highest share in the total electricity sales at 40%, increasing by 3.7% to 2,915 GWh.

This is followed by the Infrastructure and Public Services segment at 30%, with a 5% increase to 2,183 GWh.

Residential consumers accounted for a 25% share, with the sales to the segment rising 2.8% to 1,841 GWh.

The manufacturing sector held a 5%, with a 1.8% growth to 340 GWh.

“As Hong Kong’s economy continues its recovery from the impacts of the pandemic, CLP Power maintained prudent cost controls and a diversified fuel strategy to ensure customers continue to have access to electricity at a reasonable cost,” the company said.

Some of the measures it implemented include electricity subsidies to underprivileged groups such as elderly people, low-income families, people with disabilities, and tenants of subdivided units. It also rolled out the CLP Retail and Catering Coupons programme to boost local spending.

It also reduced its monthly fuel cost adjustment to 43.9 cents per unit of electricity in May, reducing the average net tariff by 1.7% since January.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development
Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.
Power Utility
Will the government pay for coal power exit in Vietnam?
The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.