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HKELECTRIC-SS CEO: Fuel Clause Charge May Rise Markedly Mid-Yr if Fuel Prices Remain High
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The recent rapid changes in the Middle East have caused extreme fluctuations in the global energy market since March, HKELECTRIC-SS (02638.HK) CEO Francis Cheng said in his column. Such volatility has sent fuel prices spiking, which, in turn, has led to a surge in overall costs. As the current fuel clause charge mechanism only uses data from the past three months, Cheng stressed that there will be a lag effect. The fuel clause charge will greatly increase starting mid-year if international fuel prices remain high. Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. |
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