CLP Power to raise electricity price for third straight month in June

Customers of Hong Kong’s CLP Power are set to pay higher power bills next month, as the company increases its fuel costs for a third consecutive month to 42.6 HK cents (5.4 US cents) per unit of electricity, up 5.4 per cent from May.CLP Power, which serves over 80 per cent of Hong Kong’s population, announced its fuel cost for June at 42.6 HK cents per kilowatt-hour (kWh) on Tuesday, up from 40.4 HK cents in May.CLP’s monthly fuel cost has been rising steadily since March. The charge for June marked an 8.7 per cent increase from 39.2 HK cents per unit of electricity in March.