30 Dec '11, 9pm

Electricity tariffs to increase from tomorrow, by an average of 2.3 per cent

SINGAPORE - From tomorrow, electricity will cost an average 2.3 per cent more over the first three months of next year. SP Services said yesterday that electricity tariffs between Jan 1 and March 31 will increase due to higher fuel prices, which have resulted in higher power generation costs. As a result, a household living in a four-room HDB flat, for example, can expect to pay S$2.30 more per month on average. The average increase for the next three months, however, is lower than the 6.8-per-cent increase seen in July and the 3-per-cent witnessed in December 2010. Average oil prices over the last three months - Oct 1 to Dec 15 - increased by 4.4 per cent, from S$121.68 to S$127.07 per barrel, said SP Services. Households, however, could use their utilities rebates to help cope with the increases in electricity tariff. The Ministry of Finance said yesterday that about 800...

Full article: http://www.todayonline.com/Singapore/EDC111231-0000069/El...

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