Electricity tariff to rise 3.5% in first quarter of 2020, highest rate in 5 years

·Editorial Team
For households, the electricity tariff – before Goods and Services Tax (GST) is applied – will increase from 23.43 to 24.24 cents per kWh, said SP Group. (Yahoo News Singapore file photo)
For households, the electricity tariff – before Goods and Services Tax (GST) is applied – will increase from 23.43 to 24.24 cents per kWh, said SP Group. (Yahoo News Singapore file photo)

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.

(GRAPHIC: SP Group)
(GRAPHIC: SP Group)

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