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LoginElectricity bills up 21%
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ELECTRICITY bills for Singapore households will go up by about 21 per cent from Wednesday - the highest one-time increase in seven to eight years - due to higher oil prices.
With this latest tariff revision, families living in one- to three-room Housing Board flats will see their utilities bills for this year rising from $90 to $223, said the Energy Market Authority (EMA), which regulates the electricity and gas industry here on Monday.
But the government rebates of $310 to $330 will more than cover the increases for these homes.
Those living in larger homes will face higher monthly bill ranging from $316 to $433.
The government rebates for these households range from $130 to $295, hardly enough to cover the increase for half of these homes.
Chief executive of EMA Mr Khoo Chin Hean, said at a press briefing on Monday that the higher tariffs have been due to the increase in oil prices.
EMA said the projected fuel oil price for the next three months is set to jump to $155.14 a barrel, up 38 per cent from $112.35 for the current quarter.
Fuel costs make up about 60 per cent of electricity tariffs, which are reviewed quarterly and adjusted according to changes in the cost of electricity.
The other 40 per cent includes the cost of generating electricity, maintenance and equipment.
Since 2004, electricity tariffs here have been pegged to projected oil prices for the next three months instead of current oil prices.
Mr Khoo said the old practice made the cost of electricity very volatile.
For households, the new tariff will be about 30 cents per kiloWatt-Hour, up from about 25 cents.http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_284015.html
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Public listed CLP Power in Hong Kong cuts tariffs
Govt owned Utilities?
Source
http://www.istockanalyst.com/article/viewiStockNews+articleid_2649915.html
CLP Power to Reduce Electricity Tariff By 3%Thursday, September 25, 2008 3:53 AM
(Source: Datamonitor)Electricity network operator CLP Power Hong Kong has announced that its electricity tariff will be reduced by 3% for all its customers in Hong Kong, starting October 1, 2008, when the new scheme of control takes effect.
The 3% total tariff reduction, which will be realized in customers' electricity bills, is a result of a reduction of 10% in its net basic tariff, moderated by the effect of fuel clause charge increases.
CLP's tariff is made up of two major components. Basic tariff is a cost of service to customers for investments and operating costs necessary to keep the supply of power running to meet customers demand. The fuel clause charge, however, reflects the cost of fuel used for generating electricity and is directly passed through to customers.
Betty Yuen, managing director of CLP Power, said: "At a time when energy prices have been surging up across the world, CLP has been working hard to control the effects on our customers. Despite fuel price increases of about 200% in the past few years, the increase in fuel charges passed on to our customers has been limited to a level that is more than offset by a cut of 10% of the net basic tariff."
Edited by kilua 29 Sep `08, 9:40PM
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SPServices Misleading Electricity Chart
http://sgenergycrisis.blogspot.com/2008/07/electricity-tariffs-to-rise-498-from.html
i think a log based graph would have been more accurate. It would then accurately reflect the percentage change rather than the absolute change. Its not honest when it tries to mislead Singaporeans with statistical tricks.
Edited by kilua 29 Sep `08, 9:58PM
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Originally posted by BrUtUs:
wat a crap reason for increase... its jz projected.... wat if fuel price din increase? they gng refund us the $$$? something needs to b inplace to ensure these ppl cant jz hapihapi make changes to the price...
bo bian leh. the 66.6% no complain, so we cant complain also. majority wins.
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http://www.channelnewsasia.com/stories/singaporelocalnews/view/379056/1/.html
Khoo Chin Hean, chief executive, EMA, said: "There is a lot of use which can be curtailed. There is probably quite a bit of wasteful usage. It is this kind of usage we can be more mindful of and take measures to manage our consumption.”
The authority said if the forward fuel prices come down next month, the electricity tariff from January to March 2009 will be reduced accordingly. - CNA/vmWhat are the possibilities of that happening? Even if electricity bills are reduced accordingly, I doubt the rates will return to 25 cents again.
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Originally posted by FirePig:
I am surprised there's only 20+ replies in this thread till now. Singaporeans cant be bothered that they are being sucked dry by the singapore government?
Im surprise too.. Response lukewarm only for this thread..Hee..
Coz the 21% is no peanuts lor.. It adds up to quite a tangible amount in daily expenses..
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