CLP (HKG:0002) unit CLP Power Hong Kong's electricity sales fell 2.6% year over year in the first quarter due to lower demand from lower temperatures.
Growth in demand from electric transport and data centers was not able to offset the decline, according to a Monday filing with the Hong Kong bourse.
CLP is also slashing its monthly fuel cost adjustment to HK$0.444 per unit of electricity in May, resulting in a 1.3% drop in average net tariff since the start of 2025.
Meanwhile, CLP declared a first interim dividend of HK$0.63 per share, payable June 13 to shareholders on record as of June 4.
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