Date
12 December 2017
Hong Kong families will have to bear higher utility and transport costs as more companies hike their rates. Photo: HKEJ
Hong Kong families will have to bear higher utility and transport costs as more companies hike their rates. Photo: HKEJ

New year means higher electricity, transport costs

The city starts the new year with higher utility and transport costs.

Households and retailers in Kowloon and the New Territories are facing an average 3.1 percent increase in their electricity bills as a result of a tariff hike by CLP Holdings Ltd. (00002.HK), the Hong Kong Economic Journal reported. That means they have to pay HK$15 (US$1.93) more each month.

Those on Hong Kong Island will not be affected, as their electricity supplier, HK Electric Investments Ltd., has frozen its charges.

Meanwhile, 19 minibus routes have raised fares by 2 Hong Kong cents to HK$1. Three ferry routes have also applied for fare increases with the transport department.

And taxi companies want to raise the flagdown rate to HK$24 from HK$22.

Parking fees in 130 public housing estates across the city will increase 4 to 8 percent if paid on a monthly basis, while charges will be raised to HK$1 per hour and HK$5 per day.

Starting May, Ocean Park will charge 8 percent more, bringing the new fees to HK$345 for adults and HK$173 for children. 

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VW/JP/CG

Freelance journalist

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