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Minister (Industry) S Iswaran oral reply to PQ on price change of natural gas

7 February 2017

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Questions

Mr Leon Perera: To ask the Minister for Trade and Industry (Industry) (a) what has been the percentage change in the price of natural gas supplied to Singapore's power generation sector for every year since 2010; and (b) how does this compare to the percentage change in electricity prices for (i) consumers and (ii) SMEs in each year over the same period.


Oral reply (to be attributed to Minister (Industry) S Iswaran)

  1. From 2010 to 2016, the price of natural gas supplied to Singapore’s power generation sector fell by 37% while the regulated electricity tariff declined by 16%.  The pattern is similar for annual movements and consistent with the fact that fuel cost accounts for about half of the regulated electricity tariff. 

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