2022, with more than half of them in the food services sector.
Mr Alan Tan, founder of Rasel Catering Singapore, said the extension of the grant is timely. His monthly electricity bill jumped by 40 per cent from $14,000 to $20,000 after his company switched power retailers in July 2022. Given that many companies are focusing on attracting customers back and recouping their losses from Covid-19 and that business has more or less returned to pre-pandemic levels, he noted that it is apt to start looking into cost-cutting, energy-saving measures.
He felt that more direct support could be helpful in subsidising the electricity bills of businesses, apart from including more commercial equipment in the list of eligible items.
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