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Electricity tariff hikes trend

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Households to see average rise of about 22% in electricity bills from Oct

By Channel NewsAsia | Posted: 29 September 2008 1035 hrs

 

 

SINGAPORE: Higher oil prices have pushed up electricity prices for this quarter by about a fifth.

 

SP Services said on Monday households will see an average increase of 21.46 per cent in electricity bills, when average electricity tariffs go up by 5.38 cents per kilowatt-hour.

 

On average, all SP Services customers will face a 21.89 per cent increase.

 

For the period from October 1 to December 31, tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel.

 

This price is 38.06 per cent higher than the S$112.35 per barrel in this current quarter.

 

The electricity tariff is reviewed quarterly and adjusted in line with fluctuations in the cost of electricity, and approved by the Energy Market Authority.

 

At a news conference on Monday, the Authority's chief executive Khoo Chin Hean said that the increase is the highest so far this year.

 

 

So much so for the increase by the gov on the U-Rebate thing...LPPL...as mentioned tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel." what if the oil price drop during this period, r they going to refund us??? KNN trying to recoup the URebate through forecast oil price, might as well become a fortune teller...

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Another rise in cost? So sick of it..oil price is down but they will say is base on current stock pile which is price at a high last time.

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This is life [shakehead][shakehead][shakehead]

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[laugh][laugh][laugh] this is what Spore is capable of and should be proud to show it off to the world that Spore can offer...i m so proud of being a Sporean [laugh][laugh][laugh]

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Alot of ups and downs, you take some you give some. GST offsets, reduction of ERP rates, now come household bills up.

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even if they have another supplier, Tuas power, it's going to be the same.... all under the same umbrella..... [rolleyes]

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correction, it should be a lot of ups but little down, you take some. , you give a lot...... [laugh]

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Another rise in cost? So sick of it..oil price is down but they will say is base on current stock pile which is price at a high last time.

 

U forgot the lights for F1 not cheap wor [laugh]

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Find they really shameless...have the gall to increase tariffs somemore when crude has dropped so much recently.. [thumbsdown][thumbsdown] so if during 1st quarter 2009 the crude remains weak, will they adjust it down by the same %??

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just like the taxi companies, introduce fuel surcharge, when oil price goes down, did they remove the surcharge?

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in sg, whatever goes up seldom come down.... when it does come down, be prepare for a huge ups in the pipeline.....

 

take the recent news about "gantry not building" and "ERP price down" for an example.... im very worried in fact... [sweatdrop] .....im sure something larger coming...... [shakehead]

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For the period from October 1 to December 31, tariffs have been pegged to a higher "forward fuel oil price" of S$155.14 per barrel.

 

 

[thumbsdown][thumbsdown][thumbsdown][thumbsdown][thumbsdown]

Edited by Mzrmazda3

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i think they did mentioned something like they will IF the petrol price drop to $1.3+/L, something like that and we know well it's a wet dream already if hoping petrol price drop to $1.60 level.. dont talk about $1.3+...... [hur]

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there is no justification whatsoever to use such a high forward price....when crude goes to a high of US$140-147, it only stayed up there for a brief period...wat gives them the justification to use such a high forward price?...if they use something like US$115-130, it is still more understandable, cos crude stayed at this level for quite sometime..

 

yeah, I knew too when erp price is down or gantry not building, there is no cause to be happy..whenever something is down, something will go up to offset the "loss" in revenues... [shakehead][shakehead]

Edited by Damienic
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