Electricity tariffs to go up from April as oil prices rise
By May Wong, Channel NewsAsia | Posted: 19 March 2008 1851 hrs

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SINGAPORE: Electricity tariffs will go up by an average of 1.26 cents (S$0.0126) per kilowatt starting 1 April. SP Services said this is due to higher fuel oil prices.

Currently, the monthly average electricity bill for a four-room flat is S$78.39. But with the new rates, it will increase by S$4.37 to S$82.75.

For the quarter from April to June, the electricity tariff is pegged to a higher forward fuel oil price of US$74.40 per barrel, which is 12.25 per cent higher than the US$66.28 per barrel for the current quarter.

The electricity tariff is reviewed quarterly. It is adjusted accordingly, in line with the fluctuation in electricity cost. - CNA/ac