Wednesday June 28, 2006

Singapore electricity tariff to go up next quarter

channelnewsasia.com :

Electricity in Singapore will cost more from July to September, due to higher fuel oil prices. It will be up by an average of 3.24% or 0.66 cents per kWh. Domestic users, for example, will have to pay 21.15 cents for every kWH of electricity, up from 20.49 cents currently.

The electricity tariffs are reviewed on a quarterly basis. SP Services says for the period July 1 to September 30, they are pegged to a higher fuel oil price of $87.49 per barrel, compared to $81.23 for the previous quarter. Fuel oil prices have been escalating especially in recent years, pushing electricity tariffs to the highest to date.

- Actually, I'm not quite sure why SP Services is pegging electricity prices to fuel oil prices, when 80% of Singapore's electricity is generated from natural gas.

- Also, check out the chart in the PDF below. Observe that the electricity rate was 15.80 c/KWh about a couple of years ago (Apr/Jul 2004), and it is now going to be 21.15 c/KWh. That's an increase of 33.86%. Has *your* salary gone up by 33%? How's that for inflation, eh?

See also :

1. SP Services press release (pdf)

(2006-06-28 12:55:51 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out