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Higher electricity costs for the start of 2011
By Vanessa Jalleh
THE average cost of electricity is expected to increase by 3.3 per cent from Jan 1 to Mar 31 2011.
For example, families in four-room HDB flats will on average pay about $3.15 more a month on electricity charges.
The electricity tariff for households will increase by $0.0076 to $0.241 per kWh.
The tariff revisions are due to a rise in fuel oil prices to $99.45 per barrel.
The following is the breakdown of the electricity tariff into its four components:
1) Energy Cost (paid to the generation companies): Increase by 0.76 cents per kWh to 18.9 cents per kWh. This component is adjusted quarterly to reflect changes in the fuel and non-fuel cost of power generation.
2) Network Cost (paid to SP PowerAssets): Unchanged at 4.92 cents per kWh. This fee is reviewed every year and has been reduced by 10 per cent since Oct 2008.
3) Market Support Services Fee (paid to SP Services): Unchanged at 0.22 cents per kWh. This fee is reviewed every year and has been reduced by 21 per cent since July 2009.
4) Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator): Unchanged at 0.06 cents per kWh. This fee is reviewed every year to recover the costs of operating the electricity wholesale market and power system.
By Vanessa Jalleh
THE average cost of electricity is expected to increase by 3.3 per cent from Jan 1 to Mar 31 2011.
For example, families in four-room HDB flats will on average pay about $3.15 more a month on electricity charges.
The electricity tariff for households will increase by $0.0076 to $0.241 per kWh.
The tariff revisions are due to a rise in fuel oil prices to $99.45 per barrel.
The following is the breakdown of the electricity tariff into its four components:
1) Energy Cost (paid to the generation companies): Increase by 0.76 cents per kWh to 18.9 cents per kWh. This component is adjusted quarterly to reflect changes in the fuel and non-fuel cost of power generation.
2) Network Cost (paid to SP PowerAssets): Unchanged at 4.92 cents per kWh. This fee is reviewed every year and has been reduced by 10 per cent since Oct 2008.
3) Market Support Services Fee (paid to SP Services): Unchanged at 0.22 cents per kWh. This fee is reviewed every year and has been reduced by 21 per cent since July 2009.
4) Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator): Unchanged at 0.06 cents per kWh. This fee is reviewed every year to recover the costs of operating the electricity wholesale market and power system.
