|Starts||1 Apr 2020 (Wed)||Ends||30 Jun 2020 (Tue)|
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For the period from 1 April to 30 June 2020, electricity tariffs (before 7% GST) will decrease by an average of 5.1% or 1.22 cents per kWh compared with the previous quarter. This is due to lower energy costs compared with the previous quarter.
For households, the electricity tariff (before 7% GST) will decrease from 24.24 to 23.02 cents per kWh for 1 April to 30 June 2020.
The average monthly electricity bill for families living in four-room HDB flats will decrease by $3.89 (before 7% GST)
SP Group supports the government’s Resilience Budget 2020 measures to support businesses and manage costs. In the same spirit, SP Group will do its part to defer increasing its network cost to transport electricity through the power grid for 1 year. This will reduce electricity tariff for households by 2.5%.
SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.
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(All info from SP Group’s press release unless otherwise stated)