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Don’t bet on cheaper power bills: Hong Kong officials can’t promise 5 per cent cut

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Hong Kong households are not guaranteed lower electricity bills even though the government has moved to limit the power companies’ earnings, the acting environmental minster said.
Undersecretary for environment Christine Loh Kung-wai told the Legislative Council on Saturday that such promises could not be made. It came after the government on Tuesday unveiled a new 15-year regulatory agreement with CLP Power and HK Electric, known as the scheme of control, which lowers what the firms can…

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