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Monday, September 29, 2008

Electricity Bill to Go Up by 21%

The Energy Market Authority (EMA) announced average household electricity tariffs from October to December is to go up by 21% in the last quarter of 2008 due to higher fuel oil prices. The below article from ChannelNewsAsia says the government rebates of $310 to $330 will more than cover the increases for these households. I remember the government once said the Growth Dividends distributed is to help offset inflation but that was many months ago. I wonder if the upcoming planned increase will result in nothing left for households.

Why give away money but then take it back?

Households to see average rise of about 21% in electricity bills from Oct

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