Singapore's electricity and gas tariffs to rise for next three months

SINGAPORE: Starting from 1 July to 30 September, electricity tariffs for households supplied by grid operator SP Group will see a slight increase.

According to a statement released by the group on 28 June, there will be a 0.3 percent rise in electricity tariffs compared to the previous quarter.

Households will face a new tariff of 29.88 cents per kilowatt-hour (kWh) before goods and services tax (GST), up from the current 29.79 cents per kWh.

With the new rates, the average monthly electricity bill for families living in four-room Housing Board flats is expected to increase by 35 cents before GST, moving from $118.03 to $118.38.



SP Group attributed this hike to an increase in energy costs, which have risen by 0.09 cents per kWh on average. These costs, which are paid to power generation companies, are adjusted quarterly to reflect fluctuations in the cost of fuel and power generation.

In a separate announcement on 28 June, City Energy, the producer and retailer of piped gas, stated that town gas tariffs would also rise by 0.30 cents per kWh over the same period due to higher costs. This change means households will now pay 23.42 cents per kWh before GST, an increase from the previous 23.12 cents per kWh. With GST, the revised gas tariff amounts to 25.53 cents per kWh. The Energy Market Authority has approved these revised gas tariffs.