SP Services Increases Electricity Tariff By 0.5% For 1 Oct – 31 Dec 2013

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For the period from 1 Oct to 31 Dec 2013, electricity tariffs will increase by an average of 0.5% or 0.12 cents per kWh. The higher tariff is due to an increase in fuel costs of 4.3% compared to the previous quarter.

The quantum of the increase is mitigated by a reduction in non-fuel costs; otherwise the tariff would have gone up by 2.2%.

For households, the electricity tariff will increase from 25.95 to 26.08 cents per kWh in Q4 2013. The average monthly electricity bill for families living in four-room HDB flats will rise by $0.55 (see Appendix 3 for the average increase 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.

Other terms and conditions apply.

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