Electricity tariffs to fall by 2.9%
POSTED: 28 Jun 2013 2:13 PM
Electricity tariffs will drop by an average of 2.9 per cent for the period July 1 to September 30, SP Services said on Friday.
SINGAPORE: Electricity tariffs will drop by an average of 2.9 per cent for the period July 1 to September 30, SP Services said on Friday.
This tariff reduction is due to the lower cost of natural gas used for electricity generation, which fell by 5.1 per cent compared to the previous quarter of this year.
The electricity tariff for households will decrease by 2.8 per cent in the third quarter of this year, from 26.70 to 25.95 cents per kWh.
Families living in four-room Housing & Development Board flats (HDB) will see a S$3.80 decrease in their average monthly electricity bills.
SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.
-TODAY/fa
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