Is raising ERP prices a good way to manage peak-hour congestion?

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LTA will be raising ERP prices by $1 for 4 expressway in Singapore from 1 August 2022. The ERP rates are:

Source: https://www.channelnewsasia.com/singapore/erp-rates-lta-increase-manage-congestion-peak-hours-2838801

Do you think that raising ERP price really helps in traffic congestion during peak hour? Let us know!

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