Friday, December 30, 2011

Electricity tariffs to increase by average of 2.3 per cent

Between Jan 1 and March 31 next year, electricity tariffs will increase by an average of 2.3 per cent due to higher fuel prices, reported The Straits Times.

The charges will increase to 27.59 cents per kilowatt hour from the current 26.98 cents, bringing about an average monthly increase of $2.30 in the electricity bills for families living in four-room HDB flats.

Electricity tariffs are reviewed every three months based on guidelines set by the Energy Market Authority, who regulates the electricity industry.

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