By Mustafa Shafawi | Posted: 29 March 2011 1619 hrs
SINGAPORE: SP Services said households will pay more
for their electricity from April, with their electricity tariff
increasing by 6.1 per cent to 25.58 cents per kilowatt-hour.
On average, families in four-room HDB flats will pay about S$4.85
more a month for their electricity based on the new tariff.
Explaining the tariff increase, SP Services said the average fuel
oil price increased sharply by 14 per cent to S$113.37 per barrel
over the last three months.
At the same time, there was an annual review of the grid network
cost or the cost of transporting electricity through the power
grid, which resulted in network charges being lowered by 3 per cent
for the year ahead.
It said the significant increase in fuel cost, however, more than
offsets the reduced network charges.
The Energy Market Authority has approved the increase.
- CNA/cc
