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
US$99.45 (S$128.88) 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.
-- ST
