"..according to the Energy Market Authority's (EMA) latest annual report, which stated that, had oil prices not skyrocketed, competition in the electricity market would have led the price of electricity to fall by about 10 per cent. Even so, with oil prices up threefold, the price of electricity is still about the same as it was five years ago due to greater efficiency. "Why do i have this feeling of inevitablity, when I read these kind of " Prices of X has not been increased for N years in Singapore." When I read this, I cringe.
So in other words, Singaporeans, please expect electricity prices to increase soon, because it hasn't been, for five years.