Search This Blog

Google Analytics

Saturday, October 25, 2008

Comments on Electricity Tariff Hike by The Electric New Paper

On 1 Oct 2008, the Singapore government announced a 21% electricity tariff hike despite Singapore Power reported more than S$1 billion net profit after taxation.

I posted an earlier post last month on Singapore Power and the local power generation companies profitability. They are public utilities companies and should be for-people instead of for-profit. The Singapore government could have done better like the Hong Kongers. Hong Kong instead of increasing electricity tariff, they lower theirs!

Singapore still has a long way to go.

Why 20% hike despite $1 billion profit? [via]

No comments:

Post a Comment

Do provide your constructive comment. I appreciate that.

Popular Posts