Hk Electric Investments & Hk Electric Investments Ltd. · HKEX:2638
Hk Electric Investments & Hk Electric Investments — HK Electric Investments — Corporate Update (November 2020)
8 slides from Hk Electric Investments & Hk Electric Investments's corporate update, Nov 10, 2020
Slide 1: Tariff Review 2021
10 November 2020 Tariff Review 2021 Presentation to LegCo Panel on Economic Development
Slide 2: 2021 Net Tariff Unchanged
2021 Net Tariff Unchanged 2020 2021 Adjustment Component (¢/unit) (¢/unit) (¢/unit) Basic Tariff 102.0 109.0 + 7.0 Fuel Clause Charge 24.8 17.4 ‐ 7.4 Net Tariff before 126.8 126.4 ‐ 0.4 Special Rebates Special Rent & Rates Rebate ‐ 0.4 ‐ + 0.4 Net Tariff after 126.4 126.4 Unchanged Special Rebates 2
Slide 3: 2021 Tariff Adjustment Overview
2021 Tariff Adjustment Overview ● HK Electric will freeze the 2021 Net Tariff at this year’s level of 126.4 cents per unit ● The Basic Tariff is adjusted due to the following reasons: – HK Electric needs to commit huge capital to push forward the coal‐to‐gas projects, strengthen the power grid and i
Slide 4: Coal-to-gas Transition Projects
Coal‐to‐gas Transition Projects Ramping Up Gas‐fired Generation ● Gas‐fired generating unit L10 was successfully commissioned in February this year; proportion of gas‐fired generation has increased to ~50% this year ● The construction of additional gas‐fired generating units L11 and L12 is under way
Slide 5: Environmental Benefits of the Coal-to-gas Transition
Environmental Benefits of the Coal‐to‐gas Transition ● Our new gas‐fired generating unit L10 has been contributing meaningfully to environmental protection and climate change mitigation ● Once L11 and L12 have been commissioned in 2022 and 2023, our gas generation proportion will increase to around
Slide 6: Continue Supporting Customers In Need
Continue Supporting Customers In Need Relief Measures Other Subsidy Schemes ● “Care & Share” SME Caterers Subsidy ● Energy‐efficient Community Subsidy ● NGO Catering Subsidy ● Smart to Care Subsidy ● SDU Electricity Charges Relief ● Energy‐efficient Appliances Subsidy ● Energy‐efficiency Equipment S
Slide 7: Conclusion
Conclusion ● HK Electric is committed to upholding excellent electricity supply reliability and pursuing greener operations amidst the unprecedented fight against COVID‐19. At the same time, we will continue to provide relief measures to support customers in need in 2021. ● Though the Basic Tariff n
Slide 8: Thank You
Thank You
HK Electric Investments — Corporate Update (November 2020) on 6ix