Good news or not ?

[Guest 9339]

Electricity bills to fall by 25%

By Liaw Wy Cin

ELECTRICITY tariffs for households will be cut by about 25 per cent for January to March, in line with lower fuel oil prices.

Households will pay 22.93 cents per kilowatt hour for the next quarter, lower than the current 30.45 cents, the Energy Market Authority (EMA) announced on Thursday.

The reduction is the first since April 2007, and is lower than the 21 per cent spike in October - the biggest one-time increase in seven years.

After surging through the year, the price of fuel oil used by power stations and, consequently, wholesale electricity prices here have fallen since October, latest figures show.

Oil prices sank further in Asian trade on Thursday, falling below US$46 a barrel at multi-year lows in a market dominated by declining demand and dismal economic news, analysts said.

New York's main futures contract, light sweet crude for January delivery, fell 82 cents to US$45.97 a barrel, off a low of US$45.75 on Wednesday.

Following the October tariff spike, Finance Minister Tharman Shanmugaratnam hinted recently that measures to help ease the impact of the 'rather large' hike could be introduced in next year?s Budget.

There was public disappointment over the October hike which came even as crude oil prices here slipped to US$50 a barrel levels.

[Guest Cklasse]

My monthly utility bill averages $150, so no diff to me.

[Guest jenvid]

but but ... my electricity is free leh.... how how ? :la: :la: :la:

[Guest Cklasse]

Check if SP power can give you money lor.

[Guest jenvid]

Check if SP power can give you money lor.

hmmm.... idea lai liao.... *scratch head*

[Guest sy69u]

but but ... my electricity is free leh.... how how ? :la: :la: :la:

free meh..... think ur backside also free.......

[Guest 9339]

Ya free.....some of my things are also free..........

[Guest sy69u]

Ya free.....some of my things are also free..........

because u got good brothers around mah..... hehehehehehehe