SINGAPORE: Electricity tariffs will go up by an
average of 1.26 cents (S$0.0126) per kilowatt starting 1 April.
SP Services said this is due to higher fuel oil
prices.
Currently, the monthly average electricity bill for a four-room flat is
S$78.39. But with the new rates, it will increase S$4.37 to
S$82.75.
For the quarter from April to June, tariff is pegged to
a higher forward fuel oil price of US$74.40 per barrel, which is
12.25 per cent higher than the US$66.28 per barrel for the current
quarter.
The electricity
tariff is reviewed quarterly.
It is adjusted accordingly in line with the fluctuation in
electricity cost. - CNA
