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F&B outlets starting to pass on costs from utilities bill spike
Exit of independent power retailers from open electricity market has forced operators to switch to pricier plans
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Published Fri, Mar 18, 2022 · 09:50 PM
Singapore
EVEN before the Ukraine crisis, electricity costs have risen by between 80 per cent and 300 per cent since late last year for food and beverage (F&B) operators to whom The Business Times spoke.
This was particularly the case for those affected by the exit of independent power retailers from the open electricity market (OEM), who have switched to pricier plans.
