According to Lowem : channelnewsasia.com :
Electricity tariffs will go up by an average of 2.3 percent or 0.49 cents per KWh (kilo-watt hour) between October 1 and December 31 this year. SP Services explains that electricity price is pegged to the forward price of fuel, which is higher for the next quarter at $88.52 per barrel, compared to $87.49 per barrel previously.
The tariffs are reviewed every quarter and adjusted in line with fluctuation of fuel oil prices. The tariff adjustments have been approved by industry regulator Energy Market Authority. The next review will be in December.
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