Paul Chan wrote to the Straits Times Forum about our electricity charges. Hong Kong residence pasy 17 cents per nit. Singaporeans pay 31 cents - 82% higher. Electricity in Singapore is more expensive than in USA or France.
What is happening? I recall these events but cannot remember the details:
1. Our power plants sold by Temasek to foreign shareholders?
2. Singapore hedged the price of oil, and are now stuck with the higher contracted prices?
I like to invite the knowledgeable people to put some details into what is happening here. You can also help to search Google for the facts.
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