SP Services Lowers Electricity Tariff For 1 Jan – 31 Mar 2013

For the period from 1 Jan to 31 Mar 2013, electricity tariffs will decrease by an average of 3.7%. This follows the drop in tariffs by 2.5% in Q3’12 and 2.9% in Q4’12.

The tariff reduction is due to lower costs of electricity generation, largely due to lower fuel prices (reduction of 4.1% compared to the previous quarter) and the adjustment of non-fuel costs of power generation.

For 1Q 2013, the electricity tariff for households will decrease by 3.6% (or 0.99 cents per kWh) from 27.27 to 26.28 cents per kWh. The average monthly electricity bill for families living in four-room HDB flats will decrease by $3.83.

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

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