HK Electric Investments & HK Electric Investments Ltd. · HKEX:2638
HK Electric Investments & HK Electric Investments — HK Electric Investments — Investor Presentation (November 2021)
9 slides from HK Electric Investments & HK Electric Investments's investor presentation, Nov 9, 2021
Slide 1: Tariff Review 2022
9 November 2021 Tariff Review 2022
Slide 2: 2022 Tariff
2022 Tariff ● HK Electric will freeze the Basic Tariff. ● Upsurge in global fuel prices, together with the increase in natural gas consumption, results in an upward adjustment of the Fuel Clause Charge. ● A Special Rebate of 1 cent per unit will be provided. ● The 2022 Net Tariff will increase by 8.
Slide 3: Unprecedented Fuel Price Surge – Coal
Unprecedented Fuel Price Surge – Coal ● Coal price has increased over 170% in the past 6 months. 3
Slide 4: Unprecedented Fuel Price Surge – Natural Gas
Unprecedented Fuel Price Surge – Natural Gas ● Natural gas price has increased over 380% in the past 6 months. 4
Slide 5: Significant Reduction in Emissions
Significant Reduction in Emissions ● The 4 types of emissions have reduced by 28% - 97%. 2020 vs. 2005 ↓ 28% ↓ 71% ↓ 88% ↓ 97% 5
Slide 6: Community Initiatives
Community Initiatives ● Through our three funds, a total of HK$63 million will be allocated to implement the following measures in 2022 : ● Distribute dining coupons to low-consumption residential customers and the underprivileged Relief Measure ● Offer electricity subsidies to sub-divided unit hous
Slide 7: Continuing Green Energy Transition
Continuing Green Energy Transition Phasing Out Coal-fired Generation Developing Local Renewable Energy ● Installation of the new gas-fired unit L11 has been ● Planning of a large-scale Offshore Wind Farm located in the completed; testing is in progress with commissioning waters southwest of Lamma Is
Slide 8: Closing Remarks
Closing Remarks ● 2022 Basic Tariff will freeze at 2021 level. ● The Fuel Clause Charge will increase by 9.9 cents per unit of electricity, wholly attributable to the surge in global fuel prices. ● With the 1-cent-per unit Special Rebate, the 2022 Net Tariff will increase by 7% to 135.3 cents per un
Slide 9: Thank You
Thank You
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