HK Electric Investments is the first fixed single investment trust listed in Hong Kong with a focus on the power industry. Our principal operating subsidiary, The Hongkong Electric Company, Limited (HK Electric), commenced operations in 1890 and is one of the longest-established utility companies in the world.
Over our long history, we have consistently supported Hong Kong's economic journey by offering safe, reliable and affordable electricity while minimising the impact of our operations on the environment as we strive to deliver sustainable growth in long-term value to our investors.
HK Electric Investments believes that open and on-going communication with our stakeholders is central to our operation and development. We engage different stakeholders through a variety of channels and stakeholder suggestions and feedback are highly valued in our decision making process as we strive for continuous improvements.
Underpinned by its core value of "Pursuit of Excellence", HK Electric is committed to delivering excellent services and supply reliability to our customers. We have been providing a world-class supply reliability of over 99.999% since 1997 and all our service standards are achieved or even surpassed every year.
To satisfy the aspirations from the community, and in support of Government’s energy and environmental policy objectives, HK Electric has launched a suite of "Smart Power Services".
HK Electric is one of the longest-established power companies in the world. The Company has a world-class record of providing a highly reliable electricity supply to Hong Kong and Lamma islands at a reasonable and affordable price.
HK Electric Investments is committed to meeting the long-term energy needs and supporting the sustainable development of the community we serve. To do this, we focus not only on powering Hong Kong with a world-class electricity supply, but also on the way we deliver it and the impacts it has on the environment.
HK Electric aspires to be an employer of choice. We have policies and systems in place to attract talents and through continuous training and development, nurture them for a fulfilling career. We offer competitive remuneration, an ideal workplace and comprehensive wellness programmes for our employees while maintaining regular and open dialogues with them.
Hotline: 2510 2701
Enquiry email: REC@hkelectric.com
What is Renewable Energy Certificates (REC)?
Each unit carried in a REC represents all the environmental attributes associated with one unit (equals to one kWh) of electricity generated from local RE sources (solar photovoltaic and wind power systems). A REC purchaser has the right to claim environmental benefits associated with the amount of electricity carried in the REC. Such unit of electricity is either generated by HK Electric or purchased from its customers through the Feed-in-Tariff (FiT) Scheme by HK Electric.
What are the benefits for purchasing REC?
Through the purchase of REC, customers can show their support for the development of RE in Hong Kong and make use of REC to achieve their RE/environmental targets.
Must HK Electric's customers purchase REC?
REC Scheme is a voluntary scheme. Customers who have successfully participated in the FiT Scheme will have priority to purchase REC matching their RE generation outputs.
Who are eligible to subscribe REC from HK Electric?
All registered customers of HK Electric are eligible to purchase REC.
What is the price of REC?
Effective 1 January 2019, the electricity sold under REC is priced at HK$0.5 per unit. The prevailing REC unit price (as a premium on top of normal electricity tariff rate) will be updated and published on HK Electric's website from time to time.
What are the REC subscription options available?
REC will be available for subscription in blocks of 100 units. In a calendar year, any purchases of REC under the same electricity account with a cumulative quantity of not more than 5,000 units of electricity generated from RE is qualified as Small Purchase. Customers can also apply for Bulk Purchase, with a purchase quantity of 5,100 units or above. HK Electric will, on a first-come-first-served basis and subject to the available REC inventory, allocate REC to the customers under the two purchase arrangements.
Can I subscribe REC for multiple years in an application?
Under Bulk Purchase, the customers can subscribe REC for consecutive years starting from the current calendar year up to year 2033 provided that the purchase quantity in each calendar year shall be identical.
How can I verify the validity of their REC?
The customers can check the information of their REC via HK Electric's Account-on-Line (AOL) platform after they have separately registered from the AOL service. The general public will be able to review the details of the REC via the REC Information Enquiry on HK Electric's website for validity checking on any sold REC.