S’pore electricity spot prices hit new highs amid global energy crisis, consumer prices expected to rise

The recent spikes are expected to put pressure on consumer prices. PHOTO: ST FILE
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SINGAPORE - Consumers could be in for a price shock early next year with the soaring global energy costs threatening to send power bills sharply higher.

Experts say electricity prices for households is likely to rise further as a fast-developing global energy crisis is hitting home in Singapore in the form of surging spot prices and market volatility.

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