Electricity tariffs to fall by 4.2% for first three months of 2016

A HDB block in Tampines lit up at night.
A HDB block in Tampines lit up at night. PHOTO: BERITA HARIAN

SINGAPORE - Households will pay less for their electricity bills in the first three months of 2016, with tariffs going down by 4.2 per cent.

This is a drop of 0.85 cents per kilowatt hour (KwH) compared to the previous quarter because of the lower cost of natural gas for electricity generation, Singapore Power said in a news release on Thursday (Dec 31).

The cost of natural gas fell by 8.9 per cent compared to the fourth quarter of 2015.

For households, the electricity tariff will be revised from 20.35 to 19.5 cents per KwH from Jan 1 to March 31.

The average monthly electricity bill for families living in a four-room Housing Board flat will decrease by $3.55.