Lower electricity bills as tariffs to fall 15% for next 3 months
Add BT as a preferred source[SINGAPORE] Households can expect lower electricity bills for the next three months.
Electricity tariffs are set to decrease by an average of 15 per cent in the third quarter of the year, SP Group said on Tuesday.
For the period from July 1 to Sept 30, electricity tariffs will fall by 3.42 Singapore cents per kilowatt hour (kwh) compared with the previous quarter, arising from lower energy costs.
Excluding the goods and services tax (GST), this translates to a decrease from 23.02 cents per kwh to 19.60 cents per kwh for households powered by SP Group.
The average monthly electricity bill for families living in four-room Housing Board flats will decrease by S$12, excluding GST.
The SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority, which is the electricity industry regulator.
THE STRAITS TIMES
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
