At the end of June, Channel News Asia (CNA 938) reported that the electricity tariff in Singapore will rise 6.4% over its current rate during the months of July, August, and September 2019. This will be the highest cost for electricity that Singapore has experienced in almost five years.
The increase of 1.43 cents per kilowatt hour (kWh) does not even figure in the Goods and Services Tax (GST), which will be added on top of this cost. Singapore Power has reported that rising fuel costs needed for generating the city’s electricity are mainly to blame for the increase, which is the greatest since 2014.
With this new inflation of utilities prices, both individual customers and companies will probably be motivated to save energy and cut costs even more eagerly – especially because this spike will not be the only one in the future.
Read the whole article at CNA: Electricity tariff to rise 6.4% in July-September to highest in nearly 5 years