Electricity tariffs to drop by 3.2% from July 1 to Sept 30

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SINGAPORE — You can expect to pay less for your electricity for the next three months from Saturday (July 1).

From July 1 to Sept 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, said the SP Group in a media release on Friday (June 30).

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The tariffs had increased in the previous quarter from April 1 to June 30 by 6.1 per cent.

The impending reduction is due to the lower cost of natural gas for electricity generation, which fell by 7.5 per cent compared to the previous quarter.

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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 S$2.55, said SP Group, which reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.

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