Electricity
tariffs to fall for next 3 months
Singapore: Electricity tariffs will come down for the next three
months due to a drop in the cost of natural gas, SP Group said on
Friday (Jun 30).
The tariff will decrease by an average of 3.2 per cent or 0.67 cent
per kWh for the Jul 1 to Sep 30 period. For households, the
electricity tariff will fall from 21.39 to 20.72 cents per kWh
during this period.
This means that the average monthly electricity bill for families
living in four-room Housing Board flats will decrease by
S$2.55.
The reduction is due to the lower cost of natural gas for
electricity generation, which fell by 7.5 per cent compared to the
previous quarter, SP Group said.
SP Group reviews the electricity tariffs quarterly based on
guidelines set by the Energy Market Authority (EMA), the
electricity industry regulator. The latest tariffs have been
approved by the EMA.
Source: CNA/ja