Electricity tariff in S’pore to drop 5.1 % from April to June
Published : Thursday, 2 April, 2020 at 5:21 PM Count : 137
Due to the Covid-19 pandemic, Singaporeans can look forward to one way of off-setting the increased costs of bills as a result of working from home the past several weeks.
Electricity tariff in Singapore will decrease 5.1 percent from April 1 to June 30 due to a reduction in electricity tariff.
In a press release on Tuesday, March 8, the SP Group said that families would reduce the tariff from 24.24 cents to 23.02 cents per kilowatt hour.
The average monthly bill for families living in a four-month HDB flats has dropped by S$ 3.89
Electricity tariffs are reviewed on the basis of guidelines set by the Electricity Regulatory Power Market Authority.
The SP group reviews them every quarter.
Similarly, City Gas said Tuesday that gas tariffs for households would decrease 0.7 percent or 0.12 cents per kilowatt hour between April 1 and June 30.
The SP Group said the depressing tariffs are "in the same spirit" with the government's recently released Resilience Budget for business support and cost management.
It also added: "SP Group will be looking to increase its network costs to transport electricity through the grid for one year."-Internet