‘Squeezed further’: calls for SME energy subsidies as Hong Kong power fuel surcharges soar

An industry leader and a lawmaker have called for subsidies for small and medium-sized enterprises after fuel surcharges imposed by Hong Kong’s two power suppliers rose by nearly 80 per cent and 15 per cent, respectively, since March, amid the Middle East conflict. HK Electric, which mainly supplies Hong Kong Island and Lamma Island, announced that its fuel clause charge would increase by 5.9 per cent from August to 60.7 HK cents per kilowatt-hour (kWh) in September. The increase is the fourth...