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Power Plays

Published in the SCMP on the 8th of January 2008:

  • Two companies’ permitted rate of return reduced from between 13.5 per cent and 15 per cent to 9.9%
  • Based on 2006 figures, total reduction in electricity payments by residential and commercial customers to amount to HK$5b per year
  • If power companies exceed emissions cap for any pollutants, rate of return will be reduced by 0.2-0.4 percentage points
  • If emissions of all pollutants remain below specified caps, companies will be entitled to an increase in permitted return of 0.05 to 0.1 percentage points
  • Tenure of agreement will be reduced from existing 15 years to 10 years
  • Government will consider rediness for open market in deciding whether to extend tenure for another 5 years

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