Electricity bills to fall by 25%
There was public disappointment over Oct hike which came as crude oil prices slipped to US$50 a barrel. -ST
Thu, Dec 04, 2008
The Straits Times
by Liaw Wy Cin
ELECTRICITY tariffs for households will be cut by about 25 per cent for January to March, in line with lower fuel oil prices.
Households will pay 22.93 cents per kilowatt hour for the next quarter, lower than the current 30.45 cents, the Energy Market Authority (EMA) announced on Thursday.
The reduction is the first since April 2007, and is lower than the 21 per cent spike in October - the biggest one-time increase in seven years.
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