Editorial:HK's two profit generators

【明報專訊】THE two power companies have announced that their tariffs will increase next year. CLP has increased its by 2.5%, and HK Electric, 5.2%. Hong Kong's economy is in recession. Not long ago the government introduced a number of relief measures including one to increase electricity bill subsidies. However, the two companies' tariff increases have largely cancelled out such relief. The government has increased the subsidies to benefit citizens only eventually to subsidise the two companies' tariff increases indirectly.