29 Sep '11, 9am

Electricity tariffs cut for next 3 months, down by about 1%

Singapore Power (SP) has reduced electricity tariffs for the next three months by about 1 per cent. -- ST PHOTO: ALPHONSUS CHERN By Elizabeth Soh Singapore Power (SP) has reduced electricity tariffs for the next three months by about 1 per cent. From the first of October to the end of December, a family staying in a four-room HDB flat will see an average decrease of about $1.24 in their monthly electricity bills. The revision comes as lower fuel oil prices have resulted in lower power generation costs. The average fuel oil price has decreased by about $4 a barrel from $125.16 to $121.68 per barrel. Electricity tariffs are reviewed quarterly by SP Services, a subsidiary of Singapore Power, on guidelines set by electricity industry regulator Energy Market Authority. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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