Electricity tariffs to rise 4.98% from next quarter
By Imelda Saad, Channel NewsAsia | Posted: 25 June 2008 1641 hrs
SINGAPORE : Electricity tariffs will go up by 4.98 per cent or by 1.19 cents per kilo watt per hour (kWh) for all households from the next quarter, beginning July 1.
Singapore Power said the hike is due to higher electricity costs arising from higher fuel prices.
The forward fuel oil price is 11.03 per cent higher than that of US$74.40 per barrel for the current quarter.
The electricity tariff is reviewed every quarter. - CNA /ls