SP Services Lowers Electricity Tariff For The Period 1 Oct – 31 Dec 2011

For the quarter 1 Oct 2011 to 31 Dec 2011, electricity tariffs will decrease by an average of 1.2% as lower fuel oil prices resulted in lower power generation costs. The average fuel oil price over the last three months (1 Jul to 15 Sep 2011) has decreased from S$125.16 to S$121.68 per barrel.

The electricity tariff for households will decrease by 1.1% (or 0.3 cents per kWh) from 27.28 to 26.98 cents per kWh. On average, families in four-room HDB flats will pay about $1.24 less a month.

SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The latest tariffs given in Appendix 1 have been approved by the Energy Market Authority.

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