Singapore electricity tariff to go up next quarter

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?

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