Singapore 4th quarter electricity tariff up by 12.71%

Electricity tariff for Singaporean households will increase by US$0.017 per kWh to US$0.1534 per kWh. On average, taking into account the tariffs for all customer categories, the tariff increase is 12.71 percent.

The electricity tariff is influenced by movements in the fuel oil price. The tariff for the 4th quarter of 2009 is pegged to the average forward fuel oil price in the preceding three months of July to September 2009.

The fuel oil price during this period increased sharply by around 21 percent from US$51.64 per barrel to US$63.73 per barrel. This increase brings the oil price to around the level in the first quarter of 2009. Consequently, the tariff will have to be adjusted upwards, but the new tariff will still be lower than what it was at the beginning of the year.

The electricity tariff consists of both the fuel and non-fuel cost components. The increase in the cost of fuel is the key reason for the tariff increase in the 4th quarter of 2009. The other components of the tariff have remained largely unchanged from the previous quarter.

Follow the link for more news on

Also Read

China's carbon market tightening to boost RE demand

South Korea launches joint strategy to enhance overseas resource development

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit