Singapore Power: Electricity tariffs for Q1 2017 to rise by 5.7%

Middle-income households living in 4-room flats can expect to pay $4.30 more in their monthly electricity bills  next quarter as the electricity tariff for Jan to Mar will rise by 5.7%.

Singapore Power said that this was due to a 10.6% increase in the costs of natural gas which is used for electricity generation.

Consequently, the tariffs will increase from 19.13 cents to 20.20 cents per kwh.

On average, those living in single-room flats will pay $1.54 more a month, while families living in private apartments will pay $6.31 more.

Facebook user Adrian Tham felt that this was not right as the “economy is bad and retrenchment is imminent and yet parking, electricity, conservancy.. are all going up”

He asked if “this [was] the way [for the government] to run a country and treat its citizens.”

According to the annual reports of Singapore Power and Singapore PowerAssets for 2014/2015 – their combined profits for the year was $1.59, which was a 14% increase over the past financial years’.

 

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