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Households can expect higher electricity bills and lower gas bills for the next three months, starting tomorrow.
Electricity tariffs for households powered by the SP Group are set to rise by an average of 3.5 per cent in the first quarter of next year, the energy utilities provider said yesterday.
This is mainly due to higher energy costs compared with the previous quarter, SP Group added.
For these households, electricity charges will go up by 0.81 cent per kilowatt hour (kwh) for the period from Jan 1 to March 31, compared with the previous quarter.
Excluding the goods and services tax (GST), this translates to an increase of 23.43 cents per kwh to 24.24 cents per kwh for households powered by SP Group.
This rate is the highest since the period from October to December 2014, when it was 25.28 cents, before GST. The previous highest rate was 24.22 cents from July to September this year.
The latest increase means that the average monthly electricity bill for a family living in a three-room Housing Board flat will go up from $58.51 to $60.53, a rise of $2.02.
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