For everyone info!!!SINGAPORE : Electricity tariffs will go up by an average of 2.3 percent or 0.49 cents per KWh (kilo-watt hour) between October 1 and December 31 this year.
http://www.channelnewsasia.com/stories/singaporelocalnews/view/232855/1/.html Electricity tariff to go up by 2.3% next quarter
By Wong Siew Ying, Channel NewsAsia | Posted: 27 September 2006 2039 hrs
SINGAPORE : Electricity tariffs will go up by an average of 2.3 percent or 0.49 cents per KWh (kilo-watt hour) between October 1 and December 31 this year.
SP Services explains that electricity price is pegged to the forward price of fuel, which is higher for the next quarter at $88.52 per barrel, compared to $87.49 per barrel previously.
Fuel cost makes up 55 percent of the cost of electricity.
The tariffs are reviewed every quarter and adjusted in line with fluctuation of fuel oil prices.
The tariff adjustments have been approved by industry regulator Energy Market Authority.
The next review will be in December.
- CNA /ls
