Singapore electricity rates up (yet again) from Jan 1

Electricity tariff will increase by an average of 1.45 cents per kilowatt hour (kWh) for the first three months of next year. The increase is due to the higher cost of electricity which in turn was sparked off by the rise in fuel oil prices.

Fuel cost constitutes about 50 per cent of the cost of electricity, but the increase in tariff has been small compared to the rise in fuel oil prices. This is because of the enhanced efficiency of the electricity industry, resulting in cost savings being passed on to consumers.

- "Enhanced efficiency"? A lot of it probably had to do with a wholesale switch to natural gas as fuel source. Once attempts at improving efficiency reach diminishing returns (eg, you can only switch to NG once), we could expect to see electricity rates start to keep pace with oil price increases.

Post a Comment:

Comments are closed for this entry.

« CPF Board tightens... | Main | Brunei to restrict... »

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004

Custom Search