The rise will also affect businesses and industries that use ordinary (household-voltage) electricity supplies. -- ST PHOTO: CHEW SENG KIM
ELECTRICITY prices are on the rise for the fourth consecutive quarter.
The electricity tariff is set to go up by 5.4 per cent from 21.69 cents to 22.87 cents per kilowatt-hour (kWh) in the first quarter of the new year, utilities service provider SP Services announced on Tuesday.
That means the monthly electricity bill for an average four-room flat will go up by about $4.70 - from $87.20 to $91.90.
The rise will also affect businesses and industries that use ordinary (household-voltage) electricity supplies.
SP Services said the rate was calculated based on the average oil price for the last three months, which has gone up about 8 per cent to $99.38 per barrel.
It emphasised that the rise was entirely due to oil prices, as service costs such as administrative fees and transmitting electricity through power lines have stayed the same since July.
Read the full story in Wednesday's edition of The Straits Times.
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