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Measures to help offset rising power charges
Wed, Jan 13, 2010
my paper
THE Government cannot insulate Singaporeans from volatile electricity-market prices, but it will continue to mitigate the impact of rising prices on household costs, Senior Minister of State for Trade and Industry S. Iswaran said.
In Parliament yesterday, he said: "Volatility is something we must get used to. The long term trend is probably upwards, because of the various fundamental pressures like more demand for energy from the developing market."
Measures that the Government are already taking include the Utilities Save rebate scheme, which can be used to offset utility charges.
Mr Iswaran also defended the liberalisation and privatisation of Singapore's energy market since 2001, which he said has promoted diversity, newer and more efficient technologies and helped fight price hikes.
For example, while fuel-oil prices have increased by 160 per cent in the past eight years, electricity prices for households - which are pegged to the former - have risen by only 15 per cent.
Wed, Jan 13, 2010
my paper
THE Government cannot insulate Singaporeans from volatile electricity-market prices, but it will continue to mitigate the impact of rising prices on household costs, Senior Minister of State for Trade and Industry S. Iswaran said.
In Parliament yesterday, he said: "Volatility is something we must get used to. The long term trend is probably upwards, because of the various fundamental pressures like more demand for energy from the developing market."
Measures that the Government are already taking include the Utilities Save rebate scheme, which can be used to offset utility charges.
Mr Iswaran also defended the liberalisation and privatisation of Singapore's energy market since 2001, which he said has promoted diversity, newer and more efficient technologies and helped fight price hikes.
For example, while fuel-oil prices have increased by 160 per cent in the past eight years, electricity prices for households - which are pegged to the former - have risen by only 15 per cent.