Electricity tariffs to go up 4.3%

SINGAPORE: Electricity tariffs will increase by 4.3 per cent for the next three months beginning this Sunday.

SP Services said this is due to higher fuel prices, which have resulted in higher power generation costs.

Average fuel oil price over January, February and March was up 7.3 per cent, increasing from S$127.07 to S$136.37 per barrel.

The hike in fuel oil prices saw a corresponding increase in the price of natural gas which is used for power generation in Singapore.

SP Services said the higher electricity tariffs will see average monthly electricity bills for those living in four-room HDB flats to go up by S$4.18.