Hong Kong’s two power companies unveiled aid packages worth more than HK$310 million ($39.8 million) for consumers ahead of a meeting in the Assembly legislative to discuss their prices, with some initiatives aimed at low-income households and NGOs.

CLP Power said on Friday it would spend HK$240 million on 12 initiatives launched next year, including a subsidy to replace air conditioners in the homes of disadvantaged residents.

HK Electric, meanwhile, announced that it would allocate more than HK$70 million to fund 13 community initiatives.

The two electricity giants are expected to discuss possible electricity price adjustments in the Legislative Council on Tuesday next week, with both companies remaining tight-lipped about the upcoming negotiations.

CLP Power serves Kowloon, the New Territories and most of the outer islands, while HK Electric supplies Hong Kong and the Lamma Islands.

Quince Chong Wai-yan, chief development officer of CLP Power, said its latest measures add to the billion Hong Kong dollars spent on community initiatives in recent years.