With the rise in technology, Electricity or Power has become mandatory for every household not only in metropolitan cities but also in villages too. It has become a basic requirement. If there is no power, lives are paused until the power is restored. We all wake up on Electricity and go back to bed using the same electricity. Each gadget, be it a grinder for preparing the morning breakfast to switch on the bed lamp, all require Power. Even the most used gadget in this world, which is a Phone doesn’t function without a charge in it. So, when Electricity has become so imperative in our lives, we must know what the cost per unit of power consumption is. The Government of every country supplies the Power to each household. It creates the parameters or on what grounds the citizens must pay per unit of power consumption. These parameters are called electricity tariff rates.
In this article, we are going to check out the electricity tariff rate singapore, which is in Malaysia, one of the highly developed cities of the world. The price for each unit of energy utilized varies from place to place. A tariff is a Government laid prices for power consumption depending upon the rate of consumer’s utility. Currently, in Singapore, 21.4 cents is charged per kilowatt per hour of the power utility. The electricity tariff depends upon the type of load and the time when the load is required and also the power factor of the load, the amount of energy used. Keeping in view all these factors, the electricity bill which is a structure of combination rates, additional charges, and reasonable costs is calculated. Another major factor affecting power costs is the source of power production. As we all know, Electricity is produced using different methods. Fossil fuels, natural gas, wind energy, tidal energy, solar energy, nuclear power, geothermal, hydroelectric are all energy sources. The Government reaches up to these sources and produces power thereby supplying to each home in the region. Power Plants are the places where energy is produced. Each city has a power station that receives the power from power plants through high-tension wires. From these power stations, the power is transmitted and distributed to each house via electric poles and wires. The world is switching to renewable sources of energy like solar, natural gas, wind to preserve non-renewable sources for future generations. Oil is the widely used source of energy accounting for 39% of global energy consumption followed by coal by 28%. Electricity Tariff rates will rise and fall each passing day. Over the years, electricity has become important as it is no-loss energy as it produces useful energy without pollution.