Tuesday March 27, 2007

Electricity prices to be reduced from April 1

channelnewsasia.com :

Consumers can expect smaller electricity bills from 1 April to 30 June 2007. SP Services says electricity prices will fall by nearly 6% beginning next month because of lower fuel oil prices. Domestic users will now pay 18.88 cents per kWh, compared to 20.02 cents per kWh.

For the period 1 April to 30 June, tariffs are pegged to a lower fuel oil price of US$42.60 per barrel. In the previous quarter, the price was US$48.16 per barrel. The electricity tariff is reviewed quarterly, so prices will be reviewed again in June.

- This is based off a 3-month moving average, and the past 3 months have seen crude oil prices hovering in the $50's. But oil prices are creeping up again above $60. Already, petrol prices, keyed off a shorter 1-week or so average, have been going up, via slashing of discount rates.

See also :

1. Singapore electricity rates to go up by 2.3% next quarter (2006Q4)
2. Singapore electricity tariff to go up next quarter (2006Q3)

(2007-03-27 23:08:06 SGT) [Energy] Permalink

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