For the period from 1 Jan to 31 Mar 2013, electricity tariffs will decrease by an average of 3.7%. This follows the drop in tariffs by 2.5% in Q3’12 and 2.9% in Q4’12.
The tariff reduction is due to lower costs of electricity generation, largely due to lower fuel prices (reduction of 4.1% compared to the previous quarter) and the adjustment of non-fuel costs of power generation.
For 1Q 2013, the electricity tariff for households will decrease by 3.6% (or 0.99 cents per kWh) from 27.27 to 26.28 cents per kWh. The average monthly electricity bill for families living in four-room HDB flats will decrease by $3.83.
SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.
Click on thumbnail to enlarge
Get a FREE Samsonite Black Label Plutus 68cm Luggage worth S$950 (with min spend of S$500 per month, during the first 3 months from card issuance date) when you sign up for a HSBC Visa Platinum credit card (w/ 2-year annual fees waiver) at www.hsbc.com.sg.