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Thursday, 1 July 2010

Electricity tariffs to go up again

Other prices will soon follow this one - UP and inflation rate is going to be higher than 3.2% soon.

Low interests rate. Higher inflation rate. Lower pay rise. Hard times ahead!

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SINGAPORE: Households will pay more for their electricity tariffs from July to September.


SP Services says that the electricity tariffs for households will go up by 0.57 cents per Kilowatt-hour to 24.13 cents per kWh, an increase of 2.4 percent.

It is the fifth consecutive quarter of increase.

On average, families in four-room HDB flats will pay about S$2.33 more a month.

SP Services says the average fuel oil price over the last three months remained stable at about S$102 per barrel.

However, the non-fuel components of the tariff have increased due to higher capital and operating costs of power generation.

The tariff also includes an adjustment for under-collection in the previous quarter.

- CNA/ir

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