Marvellous.
Households to see average rise of about 22% in electricity bills
from Oct
By Channel NewsAsia | Posted: 29 September 2008
1035 hrs
Photos 1 of 1 
SINGAPORE: Higher oil prices have pushed up electricity
prices for this quarter by about a fifth.
SP Services said on Monday households will see an average increase
of 21.46 per cent in electricity bills, when average electricity
tariffs go up by 5.38 cents per kilowatt-hour.
On average, all SP Services customers will face a 21.89 per cent
increase.
For the period from October 1 to December 31, tariffs have been
pegged to a higher "forward fuel oil price" of S$155.14 per
barrel.
This price is 38.06 per cent higher than the S$112.35 per barrel in
this current quarter.
The electricity tariff is reviewed quarterly and adjusted in line
with fluctuations in the cost of electricity, and approved by the
Energy Market Authority.
At a news conference on Monday, the Authority's chief executive
Khoo Chin Hean said that the increase is the highest so far this
year.
- CNA/yb
fabulous! all the more reason to stay in the office and suck up
the juice for the AC and PC
