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Electricity Tariff To Go Up 2.4% Despite Stable In Oil Prices

Discussion in 'The Courtyard Café' started by SNAblog, Jun 30, 2010.

  1. SNAblog

    SNAblog Alfrescian Old Timer

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    Despite stable oil prices, Singapore Power is raising electricity tariff by 2.4%. Reason given: "higher capital and operating costs of power generation". But what are the specifics? Is it to pay the fat cats in Singapore Power management? Or is it to cover for the expected losses from SP Ausnet bushfire lawsuits? :mad:

    http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_547680.html

    Jun 30, 2010
    Power bill to go up 2.4%

    ELECTRICITY bill for Singapore households will go up by 2.42 per cent in the next quarter from July to September.

    SP Services, a member of the Singapore Power Group, on Wednesday said it is raising the electricity tariff for all customers by or 0.57 cents (S$0.0057) per kWh to 24.13 cents (S$0.2413) per kWh in the the next quarter. With the hike, families in four-room HDB flats will pay about $2.33 more a month, on average.

    In a statement, SP Services said although the average fuel oil price over the last three months has remained stable at about S$102 per barrel, the non-fuel components of the tariff have increased due to higher capital and operating costs of power generation. The tariff also includes an adjustment for under-collection in the previous quarter, it added.

    The increase, said SP Services, is due to the following four components:

    Energy Cost:

    Increased by 0.57 cents per kWh to 18.93 cents per kWh which is paid to the generation companies. This component, which includes fuel and non-fuel components, is adjusted quarterly to reflect change in the cost of power generation.

    Network Cost:

    Unchanged at 4.92 cents/kWh which is paid to SP PowerAssets. This fee is reviewed every year and has been reduced by 10 per cent since Oct 2008.

    Market Support Services Fee:

    Unchanged at 0.22 cents per kWh which is paid to SP Services. This fee is reviewed every year and has been reduced by 21 per cent since July 2009.

    Market Administration and Power System Operation Fee:

    Unchanged at 0.06 cents per kWh which is paid to EMC (Energy Market Company) and PSO (Power System Operator). This fee is reviewed every year to recover the costs of operating the electricity wholesale market and power system.

    SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator which has approved the latest tariff hike.
     
  2. krafty

    krafty Alfrescian (Inf)

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    they really think all singaporeans doing well,izzit?
     
  3. hairylee

    hairylee Alfrescian Old Timer

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    No, as long as MIWs doing well everything will be well.
     
  4. jacobsgoh

    jacobsgoh Alfrescian Old Timer

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    Will still remain affordable, with freebies coming should be no sweat.
     
  5. metalrover

    metalrover Alfrescian Old Timer

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    Vote them out!!!!!!!!!!!!!!!!!! :eek:Io:
     
  6. LoveSingFade

    LoveSingFade Alfrescian Old Timer

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    Casino opened, govt rake in tons of money, yet everything up:

    Power bill up
    Property Tax Up
    Uni Fee up

    Why the income from casino is not used to reduce all kind of taxes???
     
  7. Watchman

    Watchman Alfrescian Old Timer

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    When they know you not going to vote for them .

    They turn off the voting station plus your estate 's power . :)
     
  8. Watchman

    Watchman Alfrescian Old Timer

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    They know Singaporeans are very angry and not spending much .

    With the boycott movement going on .

    After they see how SingTel with less profits .

    So they up power usage to make provision.

    So you be going out to spend your money
     
  9. Watchman

    Watchman Alfrescian Old Timer

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    How will PAP ruling party make our lives difficult ?

    It is here now !
     
  10. Baroko

    Baroko Alfrescian Old Timer

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    The income from the casinos is for Marie let them eat cake HC Antoinette. Don't dare to dream that it will go to the masses.
    Obama had said many times that the wealth NEVER trickle down.
     
  11. cooleo

    cooleo Alfrescian Old Timer

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    [​IMG]

    Ass Loong "yes i raised the electricity tariff to pay for my pay raise next year. Funny right?"

    WJB (sheepish smile)
     
  12. saratogas

    saratogas Alfrescian Old Timer

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    SingPower can happy happy increase price, other business increase price only Lena wack!
     

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