Hong Kong Electric introduces the 'eco-friendly mobile power supply dual treasures,' reducing carbon emissions by 30 to 40 percent.

Hong Kong Electric - SS (02638.HK) received the highest gold award in the "Public and Community Services" sector at the "2023 Hong Kong Environmental Excellence Awards". This award was co-organized by the Environmental Campaign Committee, the Environment and Ecology Bureau, and nine other institutions. Hong Kong Electric's managing director, Zheng Zuying, shared the company's innovative eco-friendly projects, including the "Sound Shield" system developed at the Lamma Power Station. This system is installed at the cooling water inlet of the power station, playing low-frequency whale calls to prevent small fish and other marine creatures from accidentally entering the cooling water system. After the "Sound Shield" system was activated, the number of fish intrusion incidents dropped from the peak of each month in 2019 and earlier.

AASTOCKSDec 2 16:19

CLP Power and Hongkong Electric will increase the net electricity tariff by 0.98% and 0.9% respectively next year.

The Environmental Affairs Committee of the Legislative Council held a meeting with two electrical utilities for the annual electricity tariff review. Secretary for the Environment and Ecology Tse Chuen Wan stated that from January 1 next year, the average net electricity tariff increase for CLP Power and Hongkong Electric will be less than 1%. He emphasized that measures have been taken to keep the tariff increase in check, and the authorities have also strictly controlled and reviewed the capital expenditure of the two electric utilities to minimize its impact on the tariff. Starting from January 1, 2025, the basic electricity tariff for CLP will be 98 cents per kilowatt-hour, an increase of 1.4 cents compared to 2024, while the fuel adjustment charge remains unchanged at 46.3 cents. After adjustments, the average net electricity price will be 144.3 cents per kilowatt-hour, increasing by 0.98% year-on-year. Hongkong Electric.

AASTOCKSNov 19 17:41

Hong Kong Electric allocates over 70 million yuan to enhance smart electricity-saving services to promote carbon neutrality.

CLP Power - SS (02638.HK) announced that it will allocate over 70 million yuan next year to strengthen the 'Smart Energy Saving Service' program, assisting different communities, including social welfare institutions, schools, and vulnerable groups, to move towards carbon neutrality. They will also continue to distribute cash coupons to families in need and subsidize public housing tenants to install separate electricity meters. The enhanced version of the 'Energy Saving Sharing Subsidy Scheme' introduced in the new fiscal year will support non-profit social welfare institutions and schools in implementing measures to improve energy efficiency and use wind power through one-stop services. Starting next year, each qualifying building can receive up to 3 million yuan in subsidies for energy-saving installations.

AASTOCKSNov 15 17:57

A-shares resume trading today, Hong Kong stocks previously plummeted over 1,500 points or 6.8%. The first-hour trading volume exceeded 200 billion yuan, with brokerages and mainland real estate stocks experiencing a sharp decline.

Mainland stock market resumed trading today (8th), with the three major A-share indices opening 10% to 18% higher. Hong Kong stocks opened lower by 250 points today (8th) morning, with an initial decline extending to 1,563 points or nearly 6.8%, hitting a low of 21,535, currently at 21,691, dropping 1,408 points or 6.1%. Trading volume reached 206.461 billion yuan in less than a minute since the market opened. The Hang Seng Index is currently down by 547 points or 6.5%, at 7,783. Hang Seng Tech Index is down by 415 points or 7.7%, at 4,971.

AASTOCKSOct 8 10:25

Harvesting the wool of negative electricity prices! There is a major transformation happening in the global electrical utilities market...

①Nowadays, when some consumers use electricity, they often can also earn money; ②During most of this spring and summer, Dutch resident Jeroen van Diesen has been 'rewarded' by using electricity.

cls.cnSep 23 15:25

HSBC Research's rating and target price for investments in the utilities industry (table)

HSBC Research has released a research report on the latest investment ratings and target prices for various public utilities in China and Hong Kong, as listed below: Stock | Investment Rating | Target Price (HKD) Xinyi Energy (03868.HK) | Hold | HKD 0.9 China Longyuan (00916.HK) | Buy | HKD 8.6 China Res Power (00836.HK) | Buy | HKD 25.6 China Huadian Power International Corporation (00902.HK) | Hold | HKD 4.8 China Power (01071.HK) | Hold | HKD 4

AASTOCKSSep 23 10:40