Electricity bills are set to go up from January to March, with tariffs increasing by an average of 5.7 per cent, or 1.07 cents per kWh.

This increase is due to the higher cost of the natural gas used to generate electricity, which increased by 10.6 per cent. It comes on the back of a decrease in tariffs for October to December by an average of 0.7 per cent.

For households, tariffs will increase from 19.13 to 20.20 cents per kWh for the next three months. This means that the average monthly electricity bill for a four-room HDB flat will go up by S$4.30, to a new average monthly bill of S$81.18.

For a five-room flat, it will increase by S$5.03 a month, to a new average monthly bill of S$94.95.

In a statement released on Thursday (Dec 29), SP Services said it reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority, the electricity industry regulator.

Source:
courtesy of TODAY

by TAN WEIZHEN

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]