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26 December 07
ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JANUARY TO 31 MARCH 2008
1 For the quarter 1 Jan to 31 Mar 08, the electricity tariffs will be increased by an average 5.94% or 1.24 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).
2 For the period 1 Jan to 31 Mar 08, tariffs are pegged to a higher forward fuel oil price of US$66.28 or S$96.64 per barrel. The forward fuel oil price is 14.16% higher than that of US$58.06 or S$87.46 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 JANUARY 2008
Issued by : SP Services Limited 111 Somerset Road #06-01 Singapore Power Building Singapore 238164 Co. Reg No. : 199504470N
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