A rise in oil prices will push up electricty tariffs again for the 4th consecutive quarter.
The new rate for the April to June period is reported to be at 23.56 cents which is 3 per cent higher than the current rate.
The Straits Times reported that it will translate into an increase of $2.47 for a family in a four-room HDB flat. Hopefully that will be all that I am paying in extra for the month of April.
The increase in prices is largely due to the price of fuel oil which has gone up over the last 3 months.
You might want to re-read my Save Electricity Save Money post to avoid a shock when you receive your electricity bills for April.
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