Significantly higher crude oil and gas prices in the first quarter of this year prompted the tariff increase, it said.
Singapore’s state-owned grid operator announced it is raising electricity tariffs to cover the higher cost of imported natural gas, adding to growing inflationary pressures.
Electricity prices for its consumers will increase on average by 10% in the three months beginning April, SP Group said in an emailed statement Thursday. For households, the electricity tariff, excluding taxes, will increase to 27.94 cents per kWh from 25.44 cents from April 1, the company said.
