SP Services Decreases Electricity Tariff By 1.7% For 1 Jan – 31 Mar 2014

For the period from 1 Jan to 31 Mar 2014, electricity tariffs will decrease by an average of 1.7% or 0.43 cent per kWh.

The tariff reduction is due to the lower cost of natural gas used for electricity generation, which fell by 2.6% compared to the previous quarter.

The electricity tariff for households will decrease from 26.08 to 25.65 cents per kWh in Q1 2014. The average monthly electricity bill for families living in four-room HDB flats will decrease by $1.65 (see Appendix 3 for the average decrease for different household types).

SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs given in Appendix 1 have been approved by the EMA.

Other terms and conditions apply.

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