The average monthly electricity bill for families living in a one-room HDB flat will decrease by $0.36 or $6.83 for those staying in bungalows.
On average, electricity tariffs will decrease by 1.2 per cent or 0.28 cent per KWh from next quarter (Jan 1 to Mar 30, 2019) compared to the previous quarter, SP Group announced on Sunday (Dec 30).
Gas tariffs are also set to decrease in the same quarter by 0.81 percent or 0.16 cent per kWh, from 19.67 cents per kWh to 19.51 cents per kWh.
Lower cost of natural gas and fuel costs
The decreased in tariffs are due to the lower cost of natural gas for electricity generation compared to the previous quarter.
City Gas also announced Sunday on a separate press release that the decrease is due to lower fuel costs.
The decrease marks the first fall in tariffs since the last quarter of 2017, when the household tariff was 20.30 cents per kWh.
Electricity tariffs rose by 2.1% in Oct-Dec period
SP Group increased electricity tariffs by an average of 2.1 per cent or 0.48 cent per kWh from Oct 1 to Dec 31, 2018, citing higher cost of natural gas for generating electricity.
That’s about an increase of $0.64 for residents in one-room HDB flats and $11.26 for those staying in bungalows.
Read City Gas press release here. Read below for SP Group press release (click on PDF to view more pages):sp