ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30
JUNE 2011
1. The average fuel oil price increased sharply by 14% from
S$99.45 to S$113.37
per barrel over the last three months. At the same time, there
was an annual review of
the grid network cost or the cost of transporting electricity
through the power grid,
which resulted in network charges being lowered by 3% for the
year ahead. The
significant increase in fuel cost, however, more than offsets
the reduced network
charges. As a result, electricity tariffs will increase by 6.5%
on average.
2. For households, the electricity tariff will increase by 6.1%
or 1.48 cents
(S$0.0148) per kWh to 25.58 cents (S$0.2558) per kWh. On
average, families in fourroom
HDB flats will pay about $4.85 more a month for their
electricity based on the
new tariff.
3. The breakdown of the electricity tariff into its four
components is as follows:-
a) Energy Cost: Increase of 1.62 cents/kWh from 18.90 cents/kWh
to 20.52
cents/kWh which is paid to the generation companies. This
component,
which includes fuel and non-fuel components, is adjusted
quarterly to reflect
changes in the cost of power generation.
b) Network Cost: Decrease of 0.14 cents/kWh from 4.92 cents/kWh
to 4.78
cents/kWh which is paid to SP PowerAssets. This fee is reviewed
every year
and will be reduced with effect from Apr 2011.
c) Market Support Services Fee: Unchanged at 0.22 cents per kWh
which is
paid to SP Services. This fee is reviewed every year and has
been reduced
by 21% since July 2009.
d) Market Administration and Power System Operation Fee:
Unchanged at
0.06 cents per kWh which is paid to EMC (Energy Market Company)
and
PSO (Power System Operator). This fee is reviewed every year to
recover
the costs of operating the electricity wholesale market and
power system.
4. SP Services reviews the electricity tariffs quarterly based
on guidelines set by
the Energy Market Authority (EMA), the electricity industry
regulator. The latest tariffs,
outlined in Appendix 1, have been approved by EMA.
www.spservices.com.sg
Issued by: SP Services Limited
111 Somerset Road #06-05
Singapore 238164
Co. Reg No : 199504470N
