Electricity, gas prices to decrease from January to March due to lower energy costs
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An average four-room HDB household may see a $3.58 drop in its monthly electricity bill, for example.
ST PHOTO: ARIFFIN JAMAR
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SINGAPORE - Households here can look forward to smaller electricity and gas bills from January to March 2025 due to lower energy and fuel costs.
Over the next three months, those supplied by grid operator SP Group will see a 3.4 per cent drop in electricity tariffs compared with the previous quarter, the group said in a statement on Dec 30.
For households, this amounts to a tariff of 28.12 cents per kilowatt-hour (kWh) before goods and services tax (GST), down from 29.10 cents currently.
An average four-room HDB household may see a $3.58 drop in its monthly electricity bill before GST, for example.
The electricity tariff is calculated using four components. They include energy costs, which take into account the cost of imported natural gas and the cost of operating power stations, among others.
City Energy, the producer and retailer of piped gas, said in a separate statement on Dec 30 that the gas tariff will drop from 22.97 cents per kWh before GST from October to December, to 22.72 cents in the next three months.
With GST, the revised tariff amounts to 24.76 cents per kWh.
Both operators said the tariffs will fluctuate from quarter to quarter due to global fuel prices.
