'Grassroots Will Be Hit Hardest By Power Price Rise'

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2021-11-10 HKT 11:56

Share this story

facebook

  • 'Grassroots will be hit hardest by power price rise'

A pressure group said on Wednesday that a rise in power prices will hit grassroots residents in sub-divided flats particularly hard.

The territory's two power companies have announced price increases from January 1, with charges to rise by 7 percent on Hong Kong Island and 5.8 percent in Kowloon and the New Territories.

On an RTHK programme, Candice Chung from the Concerning Grassroot Housing Rights Alliance said many landlords overcharge sub-divided flat tenants for electricity.

“Overcharging is common. The two power companies are charging between HK$1.2 and HK$1.3 for each unit of electricity, but landlords are charging tenants of sub-divided flats HK$1.6 each unit,” she said.

Chung predicted that the overcharging problem will get worse after prices rise.

She said it would be difficult for sub-divided flat tenants to reduce their electricity use and they might instead cut their spending on food and education in order to save money.

RECENT NEWS

Wise Hong Kong Business Account Now Available For SMEs To Manage Global Payments

Wise, a global technology company in international money management, launched its international business account in Hon... Read more

ChinaAMC HKD Digital Money Market Fund Debuts As Hong Kongs First Retail Tokenised Fund

OSL Digital Securities (OSL), a regulated digital asset platform and part of OSL Group (863.HK), announced the launch o... Read more

American Express And Alipay Team Up To Simplify Traveller Payments In China

American Express and Alipay introduced a new payment feature that allows eligible global American Express Card Members ... Read more

Alibaba Invests Over US$50 Billion To Drive AI And Cloud Expansion By 2028

Alibaba Group (9988.HK) revealed plans to invest over 380 billion yuan (US$52.44 billion) into its cloud computing and ... Read more

SFC IOSCO Asia-Pacific Meet-up Sets Roadmap For Sustainable And Secure Capital Markets

The Securities and Futures Commission (SFC) recently participated in a series of dialogues under the International Orga... Read more

WeLab Bank Accelerates AI Deployment With Deepseek To Enhance Efficiency

WeLab Bank has taken a significant step forward in its AI deployment strategy by exploring innovative solutions to enha... Read more