Electricity tariffs to decrease 2.1 per cent from Oct 1 to Dec 31 due to lower natural gas costs

Electricity tariffs are reviewed quarterly based on guidelines set by Energy Market Authority.
Electricity tariffs are reviewed quarterly based on guidelines set by Energy Market Authority.PHOTO: ST FILE

SINGAPORE - Electricity tariffs will decrease by an average of 2.1 per cent from Sunday (Oct 1) to Dec 31 compared with the previous quarter, said SP Group.

This works out to 20.30 cents per kWh of electricity for the next three months, compared with 20.72 cents from July to September.

The decrease is due to the lower cost of natural gas for electricity generation as well as lower non-fuel costs, said SP Group in a statement on Saturday (Sept 30).

For households, electricity tariff will decrease from 20.72 to 20.30 cents per kWh during this period.

Families living in four-room Housing Board flats will see a decrease of $1.59 in their average monthly electricity bill, the statement added.

Electricity tariffs are reviewed quarterly based on guidelines set by Energy Market Authority, the electricity industry regulator, said SP Group.


GRAPHIC: SP GROUP