Hong Kong’s two major electricity suppliers will provide rebates to eligible households between August and October to reduce their bills and ease financial pressure after the US-Israel war on Iran pushed up energy prices.

HK Electric said on Friday that it would provide a special subsidy of 8 HK cents per kilowatt-hour (kWh) for three consecutive months to residential customers with a monthly electricity consumption of 450 kWh or less.

A spokesman said the initiative would benefit around half of the company’s residential customers and hoped it could “help alleviate the burden of energy expenditures for residents”.

CLP Power said residential customers with electricity consumption of 900 kWh or less per bill, which is sent every two months, would receive a rebate of 8 cents per unit. Half of its eligible residential customers were expected to benefit, it said.

Households that consumed 450 kWh a month on average could expect to receive more than HK$100 in rebates between August and October, CLP said.

The total rebate would amount to around HK$80 million to HK$90 million from CLP.