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Following is the transcript of remarks by the Secretary for the Environment, Mr Wong Kam-sing, after attending the meeting of the Panel on Economic Development of the Legislative Council on the annual tariffs review with the two power companies today (December 16):
Reporter: Mr Wong, CLP (CLP Power Hong Kong Limited) said just now that fuel prices are pretty volatile, so how possible do you think it will be for electricity tariffs to go up a great deal...?
Secretary for the Environment: Overall, we would like to have a more stabilised tariffs structure or situation in the long run. You can see the two power companies, together with the Government, have tried to have various means to stabilise the price. At the same time, we have to consider various means, including the stabilisation fund so that we can have a certain reserve of a reasonable percentage, and we can then have a more stabilised situation over the time.
(Please also refer to the Chinese portion of the transcript.)
Ends/Tuesday, December 16, 2014
Issued at HKT 20:26
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