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19 March 2008
ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2008
1 For the quarter 1 Apr to 30 Jun 08, the electricity tariffs will be increased by an average 5.7% or 1.26 cents (S$0.0126) per kWh due to the higher cost of electricity arising from higher fuel oil prices. The revised tariffs are shown in the table attached (Appendix 1).
2 For the period 1 Apr to 30 Jun 08, tariffs are pegged to a higher forward fuel oil price of US$74.40 per barrel. The forward fuel oil price is 12.25% higher than that of US$66.28 per barrel for the current quarter.
3 The electricity tariff is reviewed quarterly and adjusted accordingly in line with the fluctuation in the cost of electricity.
4 The tariff adjustments have been approved by the industry regulator, the Energy Market Authority.
Appendix 1
REVISION OF ELECTRICITY TARIFFS FROM 1ST APRIL 2008
Issued by: SP Services Limited 111 Somerset Road #06-01 Singapore Power Building Singapore 238164 Co. Reg No: 199504470N
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