commercial electrical load calculation excel spreadsheet

Our tariffs are neither the highest nor the lowest. Singapore adopts the principle of pricing electricity to reflect its true cost to discourage wasteful consumption.Thank you for visiting one of our most popular classic articles. Some may claim that Singapore’s electricity prices are one of the highest in the world.īenchmarking studies regularly commissioned by EMA show that our regulated tariff for households is comparable to that of similar cities around the world. Operating the power system and administering the wholesale electricity market.īenchmarking Singapore’s Electricity Tariffs

System Operation and Market Administration Fees Is to recover the costs of billing and meter reading,ĭata management, retail market systems as well as for market development Is to recover the cost of transporting electricity through the power grid. The power stations, such as the manpower and maintenance costs, as well as the

This covers mainly the costs of operating This part of the tariff reflects the cost of generating and delivering electricity to consumers. This is the market practice in Asia for natural gas contracts. This helps to smoothen out the impact of any large swings in the oil markets, while ensuring electricity tariffs are updated to reflect market conditions.Īround 95% of Singapore's electricity is generated from imported natural gas, the prices of natural gas are indexed to oil prices. For example, the average natural gas price between April and June is used to set the tariff for July to September. This component of the tariff is calculated using the average of daily natural gas prices in the first two-and-a-half month period in the preceding quarter. The non-fuel cost is the cost of generating and delivering electricity to homes.įind out more about past electrical tariffs from the SP Group website This changes depending on global market conditions. The fuel cost, or cost of imported natural gas, is tied to oil prices by commercial contracts. This tariff comprises two key components – fuel cost and non-fuel cost. The tariff set by SP Group is reviewed every quarter, and is regulated by EMA to reflect the actual cost of electricity. Details of the electricity tariffs are available at SP GroupĪs a default option, residential consumers in Singapore buy electricity from SP Group, a market support services company regulated by EMA.

Commercial electrical load calculation excel spreadsheet