bad news, dude
Ξ September 28th, 2004 | → 0 Comments | ∇ Uncategorized |
Power tariffs to go up
ELECTRICITY tariffs will increase by an average of 1.1 per cent or 0.18 cents per kilowatt-hour (kwh) from Oct 1 to Dec 31.
The tariff increase is primarily due to the higher cost of electricity resulting from higher oil prices.
Current tariffs are pegged to a fuel oil price of US$26.56 ($45.13) per barrel. Tariffs for the affected period are pegged to a fuel price oil of US$27.94 per barrel.
The tariff increase is partially offset by a projected over collection of tariff revenue by SP Services, a subsidiary of Singapore Power, in the current quarter.
The tariff adjustments have been approved by the Energy Market Authority.
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Apparently, they have no considered that SGD against USD has raised approx 4%… meaning that since the trading is done in USD, the price should have gone down, dude.
and yet again, my question is raised on “the tariff increase is primarily due to the higher cost of electricity resulting from higher oil prices.”
look, Singapore Power generates its Electricity mainly via gas, yo. Still pegged it to oil? huh?
and this line: “The tariff increase is partially offset by a projected over collection of tariff revenue by SP Services, a subsidiary of Singapore Power, in the current quarter.”
hello, when you announce the last “adjustment” I already did the calculations for you saying that you are over charging. It took till now that your “scholars” did the maths right? wah laoz!
