Singaporeans may be paying one of the highest charges for electricity in the world

Singaporeans may be paying one of the highest charges for electricity in the world

The Independent·2018-01-02 13:19

by Leong Sze Hian/

On 30 Dec, the Straits Times reported that the Electricity tariffs will go up in the next three months. The report said: “Households will pay more for electricity in the new year, with tariffs rising by an average of 6.3 per cent.”

According to Singapore Power’s annual report 2016/2017 – its profit for the year ended 31 March 2017 was $948.8 million. This is an increase of 2.7 per cent over the previous year’s $923.5 million. Singapore PowerAssets’ profit was $433.6 million.

The annual reports of Singapore Power and Singapore PowerAssets for 2014/2015 showed that their combined profits for the year was $1.5893 billion. That was an increase of $197.2 million or 14.2 per cent over 2013/2014’s combined profits of $1.3921 billion.

Singapore Government Commentary