Once again, we are ranked near the top of the table. But this time, it’s for raising electrical tariffs!
HK electricity producer CLP Power released a media statement last month that included a table of 21 major cities ranked by how much electricity tariffs they have raised since 2005.
Thanks to our formidable Singapore Power, we are ranked No. 2 in hiking the price of electricity.
Singaporeans see an increase in electricity rates that’s higher than our friends in 19 other major cities that include New York City, Amsterdam, Sydney, Tokyo, Seoul and Paris.
Ok, let’s be fair. It’s the price increase that puts us up there.
The article also compares the actual residential tariffs in absolute terms (in HK currency).
Our electricity is the 12th priciest - not too bad - but the following cities charge cheaper rates: HK, Sydney, Seoul, Wellington, Shenzhen, Shanghai, Vancouver, Taipei, Jarkata and KL.
Let’s also not forget that CLP Power has just reduced its rates while our friendly Singapore Power hiked ours by a whopping 21% due to some fancy formula.
