Expect to pay a little bit more for your electricity in the next
three months.
SP Services says that’s because the electricity tariff for
households will go up by 1.25 cents a kilowatt-hour to 19.28
cents.
SP Services says the average household will see its bill go up
by 7.15 per cent.
It says the tariff increase in the coming quarter is due largely
to higher fuel oil prices.
The average fuel oil price over the last three months has
increased 26 per cent.
But the tariff is not going up by that much due to productivity
improvements and cost reductions by SP Services.
The tariff adjustments have been approved by the industry
regulator, the Energy Market Authority.
--938Live