Electricity prices to be reduced from April 1

By Margaret Perry, Channel NewsAsia
26 March 2007

SINGAPORE : Consumers can expect smaller electricity bills from 1 April to 30 June 2007.

SP Services says electricity prices will fall by nearly 6 percent beginning next month.

It says this is because of lower fuel oil prices.

Domestic users will now pay 18.88 cents per kWh, compared to 20.02 cents per kWh.

For the period 1 April to 30 June, tariffs are pegged to a lower fuel oil price of US$42.60 or S$65.25 per barrel.

In the previous quarter, the price was US$48.16 or S$75.73 per barrel.

The electricity tariff is reviewed quarterly.

Thus, prices will be reviewed again in June. - CNA/ms