CLP Power Hong Kong

What CLP Power Hong Kong does

CLP Power Hong Kong Limited is a vertically integrated power utility and wholly-owned subsidiary of CLP Holdings Limited (HKEX: 0002), founded in 1901 and headquartered in Kowloon City, Hong Kong. The company provides electricity generation, transmission, distribution, and customer service to over 80% of Hong Kong's population, serving approximately 2.86 million customer accounts across Kowloon, the New Territories, and most outlying islands. Its generation portfolio includes Black Point Power Station, Castle Peak Power Station, Penny's Bay, and interests in the Daya Bay Nuclear Power Station and Guangzhou Pumped Storage Power Station, with a supply reliability rate exceeding 99.999%.

The company's product platform centers on the CLP One unified online account system and the CLP Mobile App, complemented by five SmartEnergy physical service centres. Beyond core electricity supply, CLP offers the eMobility suite (including an EV Grid Management Platform and EV Residential Time-of-Use Tariff), the Domeo rewards and e-commerce platform under the Power Connect program, smart grid infrastructure with smart meters, and the Feed-in Tariff scheme for residential solar. Community-facing programs include the Low Carbon Rewards Programme (with DBS Bank and Link Asset Management), electricity subsidies for underprivileged families, the CLP Hotmeal Canteen, and the Volunteer Team.

Revenue is generated primarily through regulated electricity sales under the Scheme of Control Agreement with the HKSAR Government, structured across Residential Tariff, Large Power Tariff, and time-of-use pricing models billed monthly. Supplementary revenue streams include the Domeo marketplace platform (commission-based), government-subsidized community programs, and emerging services in EV charging infrastructure and data centre energy consulting (e.g., Equinix HK1). CLP Power also pursues R&D in adjacent areas including additive manufacturing for power generation components (with CityUHK) and space-based greenhouse gas detection (MUSICO delivered to China's Tiangong Space Station).

Name

CLP Power Hong Kong

Legal name

CLP Power Hong Kong Limited

Website

https://clp.com.hk

Company type

Private

Founded year

1901

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CLP Power Hong Kong is a vertically integrated regulated electricity utility and subsidiary of CLP Holdings (HKEX: 0002), serving over 80% of Hong Kong's population across 2.86 million accounts under a Scheme of Control Agreement. It offers generation, transmission, distribution, EV charging infrastructure, and customer-facing digital and physical service channels.

Ownership category

akta.pro rank

Product category

Electricity Utility Services

NAICS

Electric Power Distribution (221122), Electric Power Generation, Transmission and Distribution (2211), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro primary industry

Multi-Utility Distribution Companies (Electric + Gas/Water Distribution) (EUADABAJ)

Keywords

• Electricity supply
• Power generation
• Utility distribution
• EV charging infrastructure
• Smart grid services

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales: Revenue generated from electricity supply to residential, commercial, and industrial customers under the Scheme of Control Agreement with the Hong Kong Government. This is a regulated utility with tariff structures including Residential Tariff, Large Power Tariff, and time-of-use tariffs.
2. Community Programs and Subsidies: Government subsidized programs for underprivileged families electricity subsidies, energy efficiency schemes
3. Domeo Rewards Platform: E-commerce rewards platform enabling customers to earn and redeem Domeo points for products and services

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

CLP Power Hong Kong is a vertically integrated power utility that generates, transmits, distributes, and retails electricity to residential, commercial, and industrial customers across Kowloon, the New Territories, and most outlying islands in Hong Kong. The company supplies power to approximately 2.86 million customer accounts covering more than 80% of Hong Kong's population, supported by a regulated tariff framework, smart grid infrastructure, EV charging services, and an integrated digital customer platform.

Product overview

CLP Power Hong Kong operates as a vertically integrated power utility providing electricity to over 80% of Hong Kong's population across Kowloon, New Territories, and outlying islands. The company offers a unified platform centered on CLP One Account, which integrates online account management, bill payment, and Domeo rewards. Key product modules include the CLP Mobile App for on-the-go service access, eBill for paperless billing, SmartEnergy Customer Service Centres as physical service touchpoints, and specialized tariff programmes such as EV Residential Time of Use Tariff and Residential Time of Use Tariff. The eMobility suite provides EV charging infrastructure and grid management. The Power Connect and Domeo ecosystem delivers energy-saving rewards and lifestyle privileges. Additional services span community programmes (Energy Saving Fund, Hotmeal Canteen, Volunteer Team), smart grid infrastructure, and open data transparency initiatives.

Differentiator

Problem solved

Functional benefit

Brands

• Domeo: Flagship eCommerce rewards platform of Power Connect, CLP Power's rewards program for residential customers to save energy and practice low-carbon lifestyle
• Power Connect
• CLP One
• SmartEnergy
• CLP Pulse

Products and services

• Electricity Supply Service Core vertically integrated electricity generation, transmission, distribution and supply service serving over 6 million people in Kowloon, New Territories, and outlying islands, covering over 80% of Hong Kong's population with reliability exceeding 99.999%.
• CLP One Account

Quantifiable outcome

• Over 99.999% supply reliability rate maintained for over 100 years
• +2 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• City University of Hong Kong (National Precious Metals Material Engineering Research Center)minorStrategic or Co-development Partner · 20 March 2026CLP Power signed a Memorandum of Understanding with CityUHK to explore metal Additive Manufacturing for power generation components. The collaboration aims to improve component durability, performance, and reliability while reducing maintenance costs by evaluating new metallic materials and AM processes for power station applications.
• HKSAR GovernmentcoreStrategic or Co-development Partner · 12 February 2026CLP Power joined a newly established government working group to promote EV adoption and expand charging infrastructure under the updated Hong Kong Roadmap on Popularisation of Electric Vehicles.
• DBS Bank (Hong Kong)minorGTM or Marketing Partner · 13 August 2024Joint launch of Low Carbon Rewards Programme offering rewards up to HK$18,888 to SMEs for opening business accounts and participating in energy management schemes. Phase two introduced credit card incentives for consumers at participating Low Carbon Merchants.
• Link Asset ManagementminorGTM or Marketing Partner · 13 August 2024Joint launch of Low Carbon Rewards Programme with DBS and CLP Power to support SME transition to low-carbon operations through rewards and energy management schemes.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Others

• CLP Holdings Limited: Parent company listed on the Hong Kong Stock Exchange (HKEX: 0002) that wholly owns CLP Power Hong Kong. Comparable as the listed vehicle through which investors gain exposure to CLP Power's earnings, with additional Asia-Pacific operations including EnergyAustralia (which includes gas).
• Equinix (as customer/partner): Global data center operator that has partnered with CLP Power on liquid cooling at HK1 in Hong Kong. Comparable as a key enterprise customer whose data center and AI growth directly drives incremental high-margin load for CLP Power.
• CK Hutchison Holdings: Hong Kong-listed conglomerate that historically controlled Hong Kong's power sector through Power Assets and HK Electric. Comparable as a major Hong Kong conglomerate with significant utility investments and parallel exposure to the Scheme of Control regulatory regime.

Broad incumbents

• National Grid plc: UK-listed regulated electricity and gas utility operating transmission and distribution networks. Comparable as a large-scale, regulated, vertically integrated utility with similar reliability obligations, decarbonization mandates, and rate-of-return regulatory frameworks.
• State Grid Corporation of China: World's largest electric utility, operating transmission and distribution networks across most of mainland China. Comparable as the dominant state-owned vertically integrated power utility serving the broader Chinese market that indirectly connects to Hong Kong's grid.
• Enel SpA: Global multi-utility with major generation, distribution, and retail electricity businesses across Europe and the Americas. Comparable as a large integrated utility pursuing aggressive decarbonization, EV charging rollout, and grid modernization alongside regulated returns.
• China Southern Power Grid: State-owned Chinese utility operating the southern China transmission and distribution network. Comparable as a large-scale vertically integrated power utility operating in adjacent geography, supplying significant generation capacity into the Greater Bay Area that includes Hong Kong.

Regional players

• Power Assets Holdings: Hong Kong-listed investment holding company with substantial interests in Hong Kong and overseas utilities (including HK Electric). Comparable as a Hong Kong-based regulated utility investor with similar exposure to Hong Kong power sector economics and the Scheme of Control regime.
• Hong Kong and China Gas (Towngas): Long-established Hong Kong utility focused on town gas distribution, with growing renewable energy and smart energy businesses. Comparable as a fellow Hong Kong-based regulated utility with overlapping low-carbon transition strategy, though operating in gas rather than electricity distribution.

Direct peers

• The Hongkong Electric Company: The other regulated electricity utility in Hong Kong, serving Hong Kong Island and Lamma Island under a parallel Scheme of Control Agreement. Directly comparable as the only other vertically integrated electric utility operating in the same regulatory regime and customer market as CLP Power.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/hongkongclp
• Facebookfacebook.com/clphk
• LinkedInhk.linkedin.com/company/clp-power-hong-kong-ltd
• Instagraminstagram.com/clphk

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CLP Power Hong Kong