There is good news for Singaporeans as they will pay less for electricity for the next three months.
Making this announcement today, SP Group, in a media release, said, “From July 1 to September 30, electricity tariffs will decrease by an average of 3.2 per cent or 0.67 cent per kWh as compared to the previous quarter.”
In Singapore, SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.
The reduction in the electricity bills has been made due to the lower cost of natural gas for electricity generation, which has decreased by about 7.5 per cent compared to the previous quarter.
However, the electricity tariffs had increased in the previous quarter from April 1 to June 30 by 6.1 per cent. For households, the electricity tariff will decrease from 21.39 cents to 20.72 cents per kWh for the period.
This means that the average monthly electricity bill for families living in four-room HDB flats will drop by SGD2.55, said SP Group.