Households to pay higher gas and electricity tariffs from October to December
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An average four-room HDB household may see a 31-cent increase in its monthly electricity bill before GST.
ST PHOTO: KELVIN CHNG
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SINGAPORE – Households will pay more for electricity and gas from October to December due to higher energy costs.
Electricity tariffs for homes will increase by 0.08 cent per kilowatt-hour (kWh), while gas tariffs will increase by 0.07 cent per kWh, before goods and services tax (GST).
In a statement on Sept 30, grid operator SP Group said electricity tariffs for households will go up by 0.3 per cent from the previous quarter.
An average four-room HDB household can expect a 31-cent increase in its monthly electricity bill before GST, for example.
In a separate statement, piped town gas provider City Energy said the gas tariff will increase from 22.28 cents per kWh from July to September to 22.35 cents in the next three months.
Both operators said the increase was due to higher fuel costs compared with the previous quarter.
SP Group and City Energy review the electricity and gas tariffs every quarter based on guidelines set by the regulator, the Energy Market Authority.
The energy cost component of the electricity tariff for each quarter is set using the average natural gas prices in the first 2½ months of the preceding quarter.
The fuel cost component of the gas tariff for each quarter is set using the average fuel prices in the first 2½ months of the preceding quarter.
Electricity and gas tariffs can fluctuate from quarter to quarter due to volatile global fuel prices driven by geopolitical factors.
