Increase in electricity tariffs for Q3 2015: SP Services

[JohnTan]

SINGAPORE: Electricity tariffs will increase by an average of 1.54 cents per kWh from Jul 1 to Sep 30, a 7.5 per cent increase from the previous quarter of the year, SP Services announced in a media release on Tuesday (Jun 30).

The electricity tariff for households will be 22.41 cents per kWh for this period after the revision. SP Services attributed the increase to a 15.1 per cent rise in the cost of natural gas to generate electricity from the second quarter of 2015.

It expects the average monthly electricity bill for families living in four-room HDB flats to increase by S$6.01.

SP Services said it reviews electricity tariffs quarterly based on guidelines set by electricity industry regulator Energy Market Authority (EMA) and its latest tariffs have been approved by the authority.

- CNA/dl

http://www.channelnewsasia.com/news/singapore/increase-in-electricity/1950378.html

 

[mojito]

Excellent. More profits, more bonus, more money to spend.

 

[laksaboy]

SP Services said it reviews electricity tariffs quarterly based on guidelines set by electricity industry regulator Energy Market Authority (EMA) and its latest tariffs have been approved by the authority.

All your guidelines and regulators are in cahoots, just like the National Wage Council's recommendations.

 

[greenies]

Many years ago when they increased electricity rates, it was due to increase in oil price.
Now oil price is low, it is due to increase in gas price!!!

 

[laksaboy]

Many years ago when they increased electricity rates, it was due to increase in oil price.
Now oil price is low, it is due to increase in gas price!!!

Yes... too much gas in the intestines, causing lots of flatulence. Poot! Poot! Poot!

P.S: They couldn't even wait till after the election to begin their 'milk the Sinkies dry' project... they must be quite hard up for money. Chris Balding may be closer to the truth than some might think.