Increase in Electricity and Gas Tariffs for July to September 2024 Despite Drop in Global Oil Prices

Christopher de Souza questioned why electricity and gas tariffs rose from July to September 2024 despite global oil prices dropping.
Gan Kim Yong explained that tariffs are based on average fuel prices from the preceding quarter, with the July–September rates reflecting April–June prices.
The fuel cost component increased by about 1% between the first and second quarters of 2024, leading to a 0.3% rise in electricity tariffs and a 1.3% rise in gas tariffs for the third quarter.

Christopher de Souza questioned why electricity and gas tariffs rose from July to September 2024 despite global oil prices dropping.
Gan Kim Yong explained that tariffs are based on average fuel prices from the preceding quarter, with the July–September rates reflecting April–June prices.
The fuel cost component increased by about 1% between the first and second quarters of 2024, leading to a 0.3% rise in electricity tariffs and a 1.3% rise in gas tariffs for the third quarter.

Christopher de Souza questioned why electricity and gas tariffs rose from July to September 2024 despite global oil prices dropping.
Gan Kim Yong explained that tariffs are based on average fuel prices from the preceding quarter, with the July–September rates reflecting April–June prices.
The fuel cost component increased by about 1% between the first and second quarters of 2024, leading to a 0.3% rise in electricity tariffs and a 1.3% rise in gas tariffs for the third quarter.

Christopher de Souza questioned why electricity and gas tariffs rose from July to September 2024 despite global oil prices dropping.
Gan Kim Yong explained that tariffs are based on average fuel prices from the preceding quarter, with the July–September rates reflecting April–June prices.
The fuel cost component increased by about 1% between the first and second quarters of 2024, leading to a 0.3% rise in electricity tariffs and a 1.3% rise in gas tariffs for the third quarter.

Summary