Singapore Small Businesses Face Big Jump in Power Bills

An energy crunch has increased electricity bills for some local small and medium-sized enterprises (SMEs) by three to five times the normal size, and more are expected to be hit this year as contracts under old rates expire, the Straits Times reported.

Despite countermeasures by the Energy Market Authority (EMA), associations and businesses told the Straits Times that hefty electricity bills are taking a heavy toll that could see some SMEs fold or pass on costs to customers.

Read the full report: Straits Times.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.