Wah Piang! Electricity Tariffs to go up again?!?

@ahgong (10064)
Singapore
December 26, 2007 6:50am CST
http://www.channelnewsasia.com/stories/singaporelocalnews/view/319259/1/.html The power generators of Singapore just raised the tariffs less than 3 months ago. And the last raised rate was also 6%. Just heard on the radio that the electricity tariffs are going up again. The excuse this time... "The rates are reviewed and adjusted according to fluctuating electricity costs every quarter". What duh~~~ this year is barely over and they are talking about increasing cost due to higher fuel prices in the FIRST QUARTER of 2008?!? Now they are not only producing electricity... they are also churning out predictions as well. So it begs the question... who the heck controls the prices of fuel in Singapore? How are they able to be so sure that prices will increase so much so that it warrants a almost 6% increase in cost of electricity? *grumble* *grumble* *grumble*
2 responses
@applefreak (3131)
• Singapore
26 Dec 07
my first reaction when i heard it over the news was - what? again? like you said, they just raised it not too long ago. how are our miserable salaries going to support this kind of increases? transportation costs increased, food prices increased and now this. it's no wonder the 'have more children' campaign is not working. who can afford to have children when the pay is not even enough to sustain oneself??? sometimes i really feel like telling the government to make all essential services a government service again. at least there's nothing about shareholders' interest or rubbish like that.
1 person likes this
• Singapore
27 Dec 07
agree! nationalise the transport system! why are the SMRT and SBS registereing record profits every year when the man on the street has to pay more and more for lousy service?
@ahgong (10064)
• Singapore
27 Dec 07
because one company belongs to the husband. The other belongs to the wife. If they make it a national company, there is no profits to be made. When there is no profits to be made, they cannot roll in obscene stacks of cash. When they cannot roll in obscene stacks of cash, they cannot think of new ways to suck us dry. Sigh~~~ This year alone already increase 20% liow. With this increase, I am going to have to add another two digits in dollars to the bill liow. That is freaking less 4 plates of chicken rice starting next month!
• Singapore
27 Dec 07
i don't think it should be about the profit. it's like taking money with one hand just so that can 'give' to the poor with the other. at the end of the day it's folks like us that suffers. the poor has all sorts of rebates and subsidies. the rich ones don't mind such small increases. but folks like us don't qualify for rebates or subsidies. yet we have to to count our every cent to make it work. how are we going to retire ever?
@squaretile (3832)
• Singapore
27 Dec 07
hiyah, life is like that. prices are sticky downwards. once they go up, even when fuel prices fall as they DEFINITELY have before, do we see electricity tariffs moving down? NO! they just move up slower. haiz! our neighbouring country has so much fuel subsidy that one full tank of fuel only costs S$18. now it costs around $70 for one full tank here you know! but these fuel subsidies are not sustainable. they are draining the govt coffers and one day the govt will have to reduce the subsidies, then they will get riots on their hands.
@ahgong (10064)
• Singapore
27 Dec 07
The thing is, they are increasing the prices way before the actual price of the fuel is being traded. Now with this increase in electricity, SMRT will be the next to join the band wagon. Air-con will become warmer come next month. Then the lights may become dimmer cos they are switching to the lower wattage ones. Then come the big one... price increase on excuse of higher train traffic and cost of operations. A very vicious cycle indeed!