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