According to Singapore Power | (Chart)
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. The revised tariffs are shown in the table attached (Appendix 1).
For the period 1 Oct to 31 Dec 07, tariffs are pegged to a higher forward fuel oil price of US$58.06 or S$87.46 per barrel. The forward fuel oil price is 12.91% higher than that of US$51.42 or S$77.45 per barrel for the current quarter.
The electricity tariff is reviewed quarterly and adjusted accordingly in line with the fluctuation in the cost of electricity.Ok, it comes as no surprise to this hike in electricity prices as predicted in the previous post and it’s portrayed as non-terrifying hike of about 4.29% and the chart given does look like the tariff has not really change at all…wait!
Check out the scale on the tariff cents/kWh!! It’s in the bigger scale which is in direct comparison with the fuel oil prices! Let’s examine it closer…
Fuel Oil Prices Ranges from $32.13 to maximum of $88.52 with the scale of $10 per unit which is acceptable as the difference between $88.52 and $32.13 is is about $56.39. The Electrical Tariff on the other hand ranges from $15.02 to $21.38 is $6.36!!! This can’t be using $10 per unit scale to chart the electrical tariff!! It should be using a smaller scale size! Check out my own Chart created by open source office (NeoOffice).
So by using my chart on the left side, you can see that the actual increase in the electrical tariff actually have a much similar movement of the fuel oil prices then the one portrayed in the Singapore Power’s own tariff chart.
Why they have to do this? What’s the reason behind the “mistake”? Is it done on purpose? I guess the less people know that their tariff had been moving so dramatically the better!! Most people will just shrug it off and say it’s nothing!
The next fuel oil hike will be even more dramatic! So start conserving electricity now!!!
Thanks Lowem for your backlink! 
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