Hong Kong’s HK Electric announced a substantial 33.9 percent increase to its fuel surcharge, effective July. The utility attributes the rise to the “deferred effect” of the ongoing conflict involving the US and Israel with Iran. This increase will be reflected in customers’ electricity bills through the Fuel Clause Charge (FCC), set at 41.9 [details omitted from original text]. HK Electric is one of two primary power suppliers serving Hong Kong. The company stated the surcharge reflects fluctuations in fuel costs experienced over time. This adjustment is expected to impact household and business expenses across the region. Further details regarding the financial impact on individual consumers were not immediately available.