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LoginCost of electricity to go up from April as oil prices rise
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SINGAPORE: Electricity tariffs will go up by an average of 1.26 cents (S$0.0126) per kilowatt starting 1 April.
SP Services said this is due to higher fuel oil prices.
Currently, the monthly average electricity bill for a four-room flat is S$78.39. But with the new rates, it will increase S$4.37 to S$82.75.
For the quarter from April to June, tariff is pegged to a higher forward fuel oil price of US$74.40 per barrel, which is 12.25 per cent higher than the US$66.28 per barrel for the current quarter.
The electricity tariff is reviewed quarterly.
It is adjusted accordingly in line with the fluctuation in electricity cost. - CNA
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Originally posted by darkensun:
Ha! April fool...but this one cannot really blame them I guess cause the price of oil barrel is not really determine by us right?
Then again, Singapore pool should start betting sessions on what will rise next. I'm sure they can have a weekly betting session 5 years down the road...
Aren't you aware that the pap is imposing high tax on the fuel, oil, petrol besides the rising costs of this. All they can do to minimize the rise of the cost is to lower their tax. PAP is ever so greedy where money is concerned, so damn hell of typical of them. Greed knows no bound.
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Originally posted by caleb_chiang:
Expected from the ever rising cost of living in SG... Nothing goes down but up permanently...
Originally posted by qlqq9:In sinkapore, everything goes up but never comes down. Actually, PAP can help by not imposing so much tax on it.
got lah... ur salary will go down lah.... u not happy too bad lor.. so many FT waiting for ur job ar
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Originally posted by deathbait:
more astute readers will of course already realise that natural gas prices are highly correlated to oil prices.
Where is your proof?
Conjectures or lies again?
Since one commodity is not easily substituted for the other the fact that both have been going up in price is a function of coincidental shortfalls in supply versus any direct correlation. Speculation in oil can account for some of the current record prices for oil but the US natural gas supply / demand imbalance is very real and likely to become even more pronounced.
http://lonestarsecurities.blogs.com/oil_and_gas_investing/2005/08/correlation_bet.html
The graph below shows that this has been a pretty fair description over the past six years. Up until the last few months, that is, which have left natural gas selling for about half its value from December, while oil is little changed.
http://www.econbrowser.com/archives/2006/05/natural_gas_and.html
Edited by maurizio13 20 Mar `08, 5:35AM
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