SINGAPOREANS are greatly concerned about the electricity- tariff hike, which took effect earlier this week, as it affects their daily lives.

I urge the authorities to recalculate the electricity tariff, which is based on an oil price of US$155 (S$224) per barrel.

Current crude-oil prices are below US$100 per barrel.

Since the last round of adjustments of electricity tariffs, we have not seen any reduction in charges, even though oil prices have been going down.

This latest increase will impact everyone in the next three months.

There are also no signs as to whether the rates will go up or down next year.

Will government rebates be spent solely on alleviating the burden of electricity tariffs?

How about increases in transport fares, and the price of food and raw materials?

The Government should liberalise the energy market soon so that Singaporeans can enjoy better electricity-tariff rates.

Mr Paul Fong

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