Same old story like a frigging broken record!
By ahgong
@ahgong (10064)
Singapore
October 1, 2008 10:11pm CST
Sigh... This is bordering on ridiculous! 
First Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JANUARY TO 31 MARCH 2007
The electricity tariff will be reduced by an average 7.53% or 1.62 cents per kWh for the quarter, 1 Jan to 31 Mar 07. The reduction is due to the lower cost of electricity arising from lower fuel oil prices.[/i]
The first in many years of increases.
Second Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2007
The electricity tariff will be reduced by an average 5.73% or 1.14 cents per kWh for the quarter, 1 Apr to 30 Jun 07. The revised tariffs are shown in the table attached (Appendix 1). The reduction is due to the lower cost of electricity arising from lower fuel oil prices.[/i]
The second time we actually got a reduction in prices.
Third Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2007
For the quarter 1 Jul to 30 Sep 07, the electricity tariffs will be increased by an average 8.83% or 1.62 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices.[/i]
Last Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2007
For the quarter 1 Oct to 31 Dec 07, the electricity tariffs will be increased by an average 4.29% or 0.86 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices. [/i]
First Quarter of 2008
For the quarter 1 Jan to 31 Mar 08, the electricity tariffs will be increased by an average 5.94% or 1.24 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices.
Second Quarter of 2008
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2008
For the quarter 1 Apr to 30 Jun 08, the electricity tariffs will be increased by an average 5.7% or 1.26 cents (S$0.0126) per kWh due to the higher cost of electricity arising from higher fuel oil prices. [/i]
Third Quarter of 2008
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2008
For the quarter 1 Jul to 30 Sep 08, the electricity tariffs will be increased by 1.19 cents (S$0.0119) per kWh. This represents an increase of 4.98% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 5.1%.
The increase is due to the higher cost of electricity arising from higher fuel oil prices.[/i]
Last quarter of this year
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2008
For the quarter 1 Oct to 31 Dec 08, the average electricity tariffs will be increased by 5.38 cents (S$0.0538) per kWh. This represents an increase of 21.46% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 21.89%. 
The increase is due to higher fuel oil prices. For the period 1 Oct to 31 Dec 08, tariffs are pegged to a higher forward fuel oil price of S$155.14 per barrel. The forward fuel oil price is 38.06% higher than that of S$112.35 per barrel for the current quarter.[/i]
This is where it baffles me. What do they mean by forward fuel price? I mean, the previous few quarters are all based on the current fuel price. And this quarter is based on Forward fuel prices?
I thought the price of fuel has been dropping during the last quarter of trading, so much so that it is hovering just a few dollars above the $100 mark. Which is quite a big difference from the peak of $116 or more. No?
And now the sudden increase to 21%?!? Man... my salary doesn't even increase in a reasonable single digit. And the cost of living is really spiralling like crazy. TO think we get government officials telling me to bear with it.
Sigh... if only we get choices, like some of the european counterparts that get to change their electricity provider the way one would a cell phone operator.
I am a lay man in all these. It would be good if someone can explain the differences to me.
I am feeling the squeeze, and need a place to rant! So bear with me!
First Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JANUARY TO 31 MARCH 2007
The electricity tariff will be reduced by an average 7.53% or 1.62 cents per kWh for the quarter, 1 Jan to 31 Mar 07. The reduction is due to the lower cost of electricity arising from lower fuel oil prices.[/i]
The first in many years of increases.
Second Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2007
The electricity tariff will be reduced by an average 5.73% or 1.14 cents per kWh for the quarter, 1 Apr to 30 Jun 07. The revised tariffs are shown in the table attached (Appendix 1). The reduction is due to the lower cost of electricity arising from lower fuel oil prices.[/i]
The second time we actually got a reduction in prices.
Third Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2007
For the quarter 1 Jul to 30 Sep 07, the electricity tariffs will be increased by an average 8.83% or 1.62 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices.[/i]
Last Quarter of 2007
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2007
For the quarter 1 Oct to 31 Dec 07, the electricity tariffs will be increased by an average 4.29% or 0.86 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices. [/i]
First Quarter of 2008
For the quarter 1 Jan to 31 Mar 08, the electricity tariffs will be increased by an average 5.94% or 1.24 cents per kWh due to the higher cost of electricity arising from higher fuel oil prices.
Second Quarter of 2008
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 APRIL TO 30 JUNE 2008
For the quarter 1 Apr to 30 Jun 08, the electricity tariffs will be increased by an average 5.7% or 1.26 cents (S$0.0126) per kWh due to the higher cost of electricity arising from higher fuel oil prices. [/i]
Third Quarter of 2008
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2008
For the quarter 1 Jul to 30 Sep 08, the electricity tariffs will be increased by 1.19 cents (S$0.0119) per kWh. This represents an increase of 4.98% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 5.1%.
The increase is due to the higher cost of electricity arising from higher fuel oil prices.[/i]
Last quarter of this year
[i]ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 OCTOBER TO 31 DECEMBER 2008
For the quarter 1 Oct to 31 Dec 08, the average electricity tariffs will be increased by 5.38 cents (S$0.0538) per kWh. This represents an increase of 21.46% for households. On average, taking into account the tariffs for all customer categories, the tariff increase is 21.89%.
The increase is due to higher fuel oil prices. For the period 1 Oct to 31 Dec 08, tariffs are pegged to a higher forward fuel oil price of S$155.14 per barrel. The forward fuel oil price is 38.06% higher than that of S$112.35 per barrel for the current quarter.[/i]
This is where it baffles me. What do they mean by forward fuel price? I mean, the previous few quarters are all based on the current fuel price. And this quarter is based on Forward fuel prices?
I thought the price of fuel has been dropping during the last quarter of trading, so much so that it is hovering just a few dollars above the $100 mark. Which is quite a big difference from the peak of $116 or more. No?
And now the sudden increase to 21%?!? Man... my salary doesn't even increase in a reasonable single digit. And the cost of living is really spiralling like crazy. TO think we get government officials telling me to bear with it.
Sigh... if only we get choices, like some of the european counterparts that get to change their electricity provider the way one would a cell phone operator.
I am a lay man in all these. It would be good if someone can explain the differences to me.
I am feeling the squeeze, and need a place to rant! So bear with me!1 person likes this
1 response
@kun2349 (23381)
• Singapore
2 Oct 08
haha.. NO choice.. Living in the world and especially in singapore, this is what we have to experience.. Everything can only increase and increase but never decrease.. And once it increases, it will never drop, even it drops, it's only temporary b4 it bounces back twice as much.. haha
Even the rebates which the government gives us is not of much use too, the back we get back, the more u will have to give back.. haha =D I believe very soon, we need not delcare taxes anymore, because whatever we earn, will all go into electrical bills and water bills, because of FORWARD FUEL OIL PRICE.. haha =D
ANd in singapore, once something increase in price, all others will follow suit, just like u see, bus fares is the 1st to increase, follow by the annoucement to increase in electricity, and some will take advantage, now even can drinks also increase in price.. lol =D Living in singapore is indeed too expensive, and yet we are supposed to boost our own economy when we dun even have much salary to talk about.. lol
@ahgong (10064)
• Singapore
2 Oct 08
The other time when they went up 7 % I was already crying murder!
And that was when my bill hasn't peaked and my family consists only on me and my wife!
Now that I have a bigger family, I can still grit my teeth if the increase was like a few percent.
We are talking about $21 dollars increase for every $100.
That is really crazy!
The increase in the prices of oil have not gone like up and down 20% has it?
Please correct me if I am wrong!
1 person likes this
@kun2349 (23381)
• Singapore
3 Oct 08
haha.. COnsidering in my family, there's only my brother, me and my parents, our bill is almost like $300+ every month when most of the time, my bro is not at home in the day and me at night.. So i really wonder what makes our electricity bill so high.. PLus, oil prices din go up as much too, and in recent months, oils prices has dropped too, and so, there's no reason to increase so much, like u mentioned 20%..
1 person likes this
