(NEWS) Electricity tariffs will increase to the highest rate of 24.24 cents/kWh in more than five years from 1 Jan – 31 Mar 2020

Starts1 Jan 2020 (Wed)Ends31 Mar 2020 (Tue)

For the period from 1 January to 31 March 2020, electricity tariffs (before 7% GST) will increase by an average of 3.5% or 0.81 cent per kWh compared with the previous quarter

For households, the electricity tariff (before 7% GST) will increase from 23.43 to 24.24 cents per kWh for 1 January to 31 March 2020.

According to the The Straits Times, the previous highest was 25.28 cents before GST from October to December 2014

This is due to higher energy cost compared with the previous quarter.

The average monthly electricity bill for families living in four-room HDB flats will increase by $2.76 (before 7% GST)

SP Group reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs have been approved by the EMA.

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(All info from SP Group’s press release unless otherwise stated)

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