Saturday, June 27, 2009

Electricity price going up from 1st July

Due to oil prices increase, the electricity bill going up by 7% in coming 1st July onwards.
Save electricity, to save the Earth, and also save your own money.

Actually there are easy ways to save your bills by using the correct electrical appliances. The energy saver appliances may seem expensive initially, but definitely, in the long run, you will be glad that you purchased them.

Other than this, you can also try to find out the appliances that used most electricity... Likely would be air-con, and water heater! Of course, refrigerator is somehow no choice. Cut down usage of the above appliances, you can actually save quite a lot!

HEre's an abstract from

''RUNNING the air-conditioner to beat the heat over the next three months will cost $1.50 to $15.20 more a month.
Electricity prices here will go up by about 7 per cent from Wednesday, on the back of increasing fuel oil prices, said utilities services provider SP Services on Friday.
From next month, three-room households will pay about $4 more a month in power bills, and five-room households, about $6 more.
This is the first increase in electricity tariffs, which are revised every quarter, since the last quarter of last year.
From Wednesday, electricity will cost households about 19 cents per kWh, without the goods and services tax, up from the current 18 cents.
SP Services said the average fuel oil price over the last three months went up from $60.47 per barrel to $76.24 per barrel.
After going up 21 per cent in the last quarter of last year, electricity tariffs fell 25 per cent in the first three months of this year.
To reduce the likes of such wide quarterly swings in electricity prices, the Energy Market Authority (EMA) here, which regulates the electricity and gas industry, will now use a new formula to calculate tariffs.
This will take into account a wider spread of fuel oil prices from which an average is calculated - three months now, as opposed to the previous one month.
It also allows tariffs to reflect oil price movements more closely, instead of a three-month time lag under the old formula.

The last increase is in last october, where it have 21% increase in price!

For more details, see prime page A18 on Straits Times today!

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