|Starts||1 Jan 2015 (Thu)||Ends||31 Mar 2015 (Tue)|
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.
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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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