SINGAPORE - Gas tariffs for households will decrease by 3.64 per cent from April 1 to June 30, City Gas, a trustee of City Gas Trust, announced on Sunday (March 31).
This means a decrease of 0.71 cent per kilowatt hour, from 19.51 cents per kwh to 18.80 cents per kwh, excluding GST.
City Gas said that the decrease was due to a drop in fuel costs, which have gone down compared with the last quarter.
It added that it reviews the gas tariffs based on guidelines set by the Energy Market Authority (EMA), the gas industry regulator, and that the current tariff decrease was approved by the EMA.
Electricity tariffs will also decrease from April 1 to June 30, by an average of 4.7 per cent or 1.10 cent per kwh.
SP Group said that this was mainly due to the lower cost of natural gas for electricity generation compared to the previous quarter.
For households, the electricity tariff will decrease from 23.85 to 22.79 cents per kwh during that period, excluding GST. For example, the average monthly electricity bill for families living in four-room Housing Board flats will decrease by $3.62, before GST, said SP Group.
The company added that it reviews the electricity tariffs quarterly based on guidelinse set by the EMA, which also regulates the electricity industry, and the current tariff decrease was approved by the EMA.