Introduction-
Seven of its primary power generating stations have electricity supply to different parts of Singapore. The electricity supplied by SP group, the leading government-affiliated electricity, and gas Distribution Company, is for all domestic purposes. All the power plants in Singapore fall under Energy Market Authority (EMA) here. Here, we will use SP Group as a model to check out all the questions regarding electricity distribution. All the costs of electricity, whether it rises or reduces, depending on the suggestion by EMA. The price of electricity in Singapore is the costliest to save from wasteful consumption. In this article, we will be discussing electricity cost calculator singapore.
How electricity is calculated in Singapore-
Electricity in Singapore is calculated by kWh or kilowatt per hour, and every kilowatt is 20 cents in Singapore.
Cost of electricity in Singapore-
The current electricity tariff exclusive of tax is 30.17 cents per kWh, and inclusive of tax, the price per kWh reaches 32.28 cents per kWh. The tariff or the cost of electricity is based on the price of the natural gas imported from different countries. Around 95% of electricity produced in Singapore is based on imported natural gas.
On what basis the cost of electricity is calculated
- Based on fuel cost- the price depends on the price of the imported natural gas. The price of natural gas is based on the fuel price. This is the way the market acts in Asia regarding natural gas.
- Based on non-fuel cost- the cost of electricity also depends on the production that is in here the electricity has to be converted from Direct Current or DC to Alternate Current or AC and the way electricity s distributed through underground paths or with overhead extensions to the domestic homes. The things include-
- Power generation cost- the cost it takes to operate the power stations, such as manpower, maintenance, capital, etc.
- Network cost- the price to transport electricity through the power grid.
- Market Support Services Fees- the cost to cover up the meter reading for the persons who come home to read it, billing or printing out the monthly cost bill, managing data, etc.
- Power system operation and market administration- The fees are taken to recover the money invested in operating the power system and properly administrating the wholesale electricity market.
Conclusion-
To conclude, defining the cost paid is pretty confusing as the government takes money from the ordinary people without providing any subsidy but as a lump sum of tax.
