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Singapore Raises Power Tariffs by 10%, Adding to Price Pressures

  • Tariffs to rise 10% in second quarter on higher energy prices
  • EMA asks consumers to conserve energy as inflation climbs
Updated on

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.