
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]
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