29 September 2008                                                                                            ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2008   For the quarter 1 Oct to 31 Dec 08, the average electricity tariffs will be increased by 5.38 cents (S$0.0538) per kWh.  This represents an increase of 21.46% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 21.89%.   The increase is due to higher fuel oil prices. For the period 1 Oct to 31 Dec 08, tariffs are pegged to a higher forward fuel oil price of S$155.14 per barrel. The forward fuel oil price is 38.06% higher than that of S$112.35 per barrel for the current quarter.   The transmission (grid) charges will be revised downwards with effect from 1 Oct 08 and now accounts for only 16.16% of the low tension tariff. The revised tariffs are shown in Appendix 1.   The electricity tariff is reviewed quarterly and adjusted accordingly in line with the fluctuation in the cost of electricity.  If forward fuel oil prices come down in Oct 08, the electricity tariff for the Jan to Mar 09 quarter will be reduced accordingly. The tariff adjustments have been approved by the industry regulator, the Energy Market Authority.     Appendix 1                REVISION OF ELECTRICITY TARIFFS FROM 1st OCTOBER 2008     Existing Tariff New Tariff LOW TENSION SUPPLIES, DOMESTIC    All units, ¢/kWh                     25.07 30.45 LOW TENSION SUPPLIES, NON-DOMESTIC All units, ¢/kWh                     25.07 30.45 HIGH TENSION SMALL (HTS) SUPPLIES Contracted Capacity Charge S$/kW/month                7.04 6.96 Uncontracted Capacity Charge S$/chargeable kW/month                 10.56  10.44 kWh charge, ¢/kWh     Peak period (7am to 11pm) Off-peak period (11pm to 7am)                22.96 13.81 29.08 17.77 Reactive power Charge ¢/chargeable kVARh                0.59 0.59 HIGH TENSION LARGE (HTL) SUPPLIES Contracted Capacity Charge S$/kW/month                     7.04 6.96 Uncontracted Capacity Charge S$/chargeable kW/month                10.56 10.44 kWh charge, ¢/kWh       Peak period (7am to 11pm) Off-peak period (11pm to 7am)                 22.81 13.80 28.93 17.76 Reactive power Charge ¢/chargeable kVARh                0.59 0.59 EXTRA HIGH TENSION (EHT) SUPPLIES   Contracted Capacity Charge S$/kW/month                     6.74 6.52 Uncontracted Capacity Charge S$/chargeable kW/month                10.11 9.78 kWh charge, ¢/kWh   Peak period (7am to 11pm) Off-peak period (11pm to 7am)                21.64 13.64 27.83 17.58 Reactive power Charge ¢/chargeable kVARh                0.48 0.48