Electricity tariff reduced by 25% in January 2009
 
 
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Published: December 5, 2008 by: admin

According to Channelnewsasia:

SINGAPORE: Singapore households will pay 25 per cent less for their electricity bills from January to March next year. The Energy Market Authority (EMA) said because of the global downturn, fuel oil prices have fallen by as much as 40 per cent.

This is the first fall in electricity tariffs since April 2007 and the new lower tariff is certainly bringing back smiles.

“We are thinking of ways to reduce the cost of electricity. We might do away with the cooler and we may not keep the fish tank anymore,” said a man in the street.

Singapore’s electricity tariff is calculated using a formula. The tariff which is pegged to fuel oil prices is also reviewed every three months.

Read the full article atĀ Channelnewsasia:

- Personally I will have to shrink my 3 fish tanks to only 1 fish tanks and remove the old fans and replace with a more efficient fan.

There are so many ways to cut utilities cost but each of it means a small sacrifice to the daily lives of many urban people in Singapore.

My position is to conserve as much electricity as possible and use more efficient electronics and of course use when only in need.

One of my friend is a support of total electronic shut down and go back to a time without electricity.

Other than lights in his room, he self declared not to use the computer, Internet, wall plugged radio, game consoles and anything electronics.

This cut in electricity tariff is temporary as oil prices won’t remain low forever and this current drop in oil prices may boost demand in the future as the 3rd world countries suddenly found themselves able to afford a car and the gasoline to run them.

Eventually these poor people starts to base their lives on petrochemical products that they had never able to afford previously and can’t live without them afterwards.

Things from gasoline to power motor vehicles to commute to work instead of the trusty bicycle to oil produced pesticides and plastic bags instead of hand made bags of natural materials.

Now, the world felt a sense of false relieve due to the dropping of oil prices…and forget about conservation and preservation.

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