Macau, 20 July 2016

According to the calculation under the concession contract, the 3rd quarter Tariff Clause Adjustment (TCA) will be 35 cents per kWh, 1 cent per kWh lower than the previous quarter. CEM continues to offer subsidy to Tariff Group A customers, who accounted for over 99% of the total customer base. TCA will be reduced from the contractual calculated value of 35 cents to 34 cents per kWh, representing a reduction of 1 cent per kWh. TCA for Tariff Group B, C and D customers will be at 35 cents per kWh, 1 cent per kWh lower than the previous quarter.

CEM is committed to maintaining a stable tariff for Macau citizens. With the support of Macau SAR Government, CEM has been offering TCA subsidy to customers since 2008. In addition, the reduction of TCA in these two quarters benefited from the continued low international fuel prices. CEM can take advantage of selecting the best energy mix and showcase the importance of local generation.