|
BRINGING BENEFITS OF COMPETITION TO CONSUMERS |
| EMA has tendered out 3% of Singapore's total electricity demand for the April - December 2010 period to the generation companies. This is equivalent to about 10% of the total households' load. The objective of this tender has allowed for greater competitive pricing for the benefit of households (see Chart 1). |
 |
|
The tender has resulted in savings of 0.01 cents/kWh in the electricity tariff for July to September 2010 for households. At this stage, the actual savings for household consumers is small. We will assess how we can continue to bring more benefits of competition to household consumers.
TARIFF FORMULA: AVERAGE FUEL OIL PRICE OVER 3 MONTHS The electricity tariff formula helps to smoothen out any large swings in the fuel oil markets and will lead to electricity tariffs that are reflective of prevailing market conditions. To achieve this, EMA uses the fuel oil price data over a three month period to set the tariff (see Chart 2). |
 |
|
For queries on the electricity tariff, please click here. |
Copyright © 2009. Government of Singapore. All Rights Reserved.
