SP Services Decreases Electricity Tariff By 1.99 Cents (8%) For 1 Jan – 31 Mar 2015 UPDATED 31 Dec 2014

SP Services Logo 30 Dec 2014
SP Services Logo 30 Dec 2014
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Starts1 Jan 2015 (Thu)Ends31 Mar 2015 (Tue)
Location SP Services

For the period from 1 Jan to 31 Mar 2015, electricity tariffs will decrease by an average of 8.0% or 1.99 cents per kWh compared to the previous quarter.

The tariff reduction is due to lower cost of fuel (i.e. natural gas) for electricity generation, which fell by 16.4% compared to the previous quarter.

  • Existing Tariff as of 30 Dec (without GST) 25.28 ¢/kWh
  • New Tariff From 1 Jan 2015 (without GST) 23.29 ¢/kWh
  • New Tariff From 1 Jan 2015 (with 7% GST) 24.92 ¢/kWh

As fuel cost makes up about 50% of the tariff, this translates to a proportional reduction of 8.0% in the Q1 2015 electricity tariff.

The electricity tariff for households will decrease from 25.28 to 23.29 cents per kWh for 1 Jan to 31 Mar 2015. The average monthly electricity bill for families living in four-room HDB flats will decrease by $7.93.

SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator.

Other terms and conditions apply.

See ad images for price list and more details

Click on thumbnail[s] to enlarge. Event on 1 Jan to 31 Mar 2015.

(Updated 31 Dec with “31 Dec Electricity, Energy Saving Tips” and “31 Dec Tariff Revision, Tips to Save Electricity” images)

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