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SINGAPORE – The electricity tariff for the three months starting Thursday (Oct 1) will rise by an average of 1.83 cents per kWh compared with the previous quarter.
Gas tariffs for households are also set to increase by 0.83 cent per kWh for the same period.
SP Group said on Wednesday (Sept 30) that the increase in electricity tariffs in the coming quarter is due to higher energy costs, which form a major component of the electricity tariff and are paid to power generation companies.
Likewise, fuel cost hikes have also pushed the gas tariff up, said City Gas in a separate statement on Wednesday.
SP Group noted that in spite of the increase, the electricity tariff is still the second lowest rate in the past three years.
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Other components of the electricity tariff, such as network costs and market support services, remain unchanged.
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