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25 September 07
ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2007
For the quarter 1 Oct to 31 Dec 07, the electricity tariffs will be increased by an average 4.29% or 0.86 cents 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).
For the period 1 Oct to 31 Dec 07, tariffs are pegged to a higher forward fuel oil price of US$58.06 or S$87.46 per barrel. The forward fuel oil price is 12.91% higher than that of US$51.42 or S$77.45 per barrel for the current quarter.
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.
Appendix 1
REVISION OF ELECTRICITY TARIFFS FROM 1ST OCTOBER 2007
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