SINGAPORE: Electricity tariffs will increase by an average of 6.3 per cent of 1.26 cents per kWh from Jan 1 to Mar 31, 2018 compared with the previous quarter, SP Group announced on Friday (Dec 29) n a media release.
SP Group attributed the increase to “the higher cost of natural gas for electricity generation, which increased by 14 per cent compared to the previous quarter”.
(Table: SP Group)
It added that for households, the electricity tariff will increase from 20.30 to 21.56 cents per kWh for the first quarter of next year – the highest since the fourth quarter of 2015.
The average monthly electricity bill for families living in four-room HDB flats will increase by S$4.78, it said.
“SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator,” it said.
