The Energy Market Authority (EMA) announced average household electricity tariffs from October to December is to go up by 21% in the last quarter of 2008 due to higher fuel oil prices. The below article from ChannelNewsAsia says the government rebates of $310 to $330 will more than cover the increases for these households. I remember the government once said the Growth Dividends distributed is to help offset inflation but that was many months ago. I wonder if the upcoming planned increase will result in nothing left for households.
Why give away money but then take it back?
Households to see average rise of about 21% in electricity bills from Oct
http://www.channelnewsasia.com/stories/singaporelocalnews/view/379056/1/.html
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