Electricity tariff to rise 3.5% in first quarter of 2020, highest rate in 5 years
SINGAPORE — Electricity tariff will rise by an average of 3.5 per cent, or 0.81 cent per kilowatt hour (kWh), for the first quarter of next year.
For households, the electricity tariff – before the 7 per cent Goods and Services Tax (GST) is applied – will increase from 23.43 to 24.24 cents per kWh, said SP Group in a news release on Monday (30 December).
“This is due to higher energy cost compared with the previous quarter,” noted the government-owned electricity and gas provider. According to local news reports, the increase will put the electricity tariff for the period of 1 January to 31 March 2020 at its highest rate since the fourth quarter of 2014.
The change will mean a $2.76 increase in the average monthly electricity bill for families living in four-room HDB flats. (See table below for the estimated impact on other household types)
SP Group said it reviews electricity tariffs on a quarterly basis based on guidelines set by the Energy Market Authority, which is the industry regulator.
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