Rising natural gas prices mean that home owners will need to pay more for their electricity consumption for the next quarter of the year.
The new rate for households from April 1 to June 30 will be 25.73 cents per kilowatt hour (kwh), up from 25.65 cents. A family in a four-room Housing Board flat, for example, could pay $0.26 more per month.
SP Services, a subsidiary of Singapore Power that provides electricity metering and billing services, reviews tariffs quarterly based on guidelines set by the electricity industry regulator Energy Market Authority. It said on Monday that electricity tariffs across all types of usage will rise by an average of 0.3 per cent, or 0.07 cents per kwh.
The increase is due to a 1.3 per cent rise in the cost of fuel used for electricity generation, it said.
Non-fuel costs fell, and all other costs, such as network expenses and administration and operation fees, remained the same.