ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2008
1 For the quarter 1 Jul to 30 Sep 08, the electricity tariffs will be increased by 1.19 cents (S$0.0119) per kWh. This represents an increase of 4.98% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 5.1%.
2 The increase is due to the higher cost of electricity arising from higher fuel oil prices. The transmission (grid) charges will remain the same. The revised tariffs are shown in Appendix 1.
3 For the period 1 Jul to 30 Sep 08, tariffs are pegged to a higher forward fuel oil price of US$82.61 per barrel. The forward fuel oil price is 11.03% higher than that of US$74.40 per barrel for the current quarter.
4 The electricity tariff is reviewed quarterly and adjusted accordingly in line with the fluctuation in the cost of electricity. The tariff adjustments have been approved by the industry regulator, the Energy Market Authority.