Electricity tariffs to drop by 9.3% for next 3 months
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SINGAPORE: Electricity tariffs are set to come down by an average of 9.3 per cent for the next three months, SP Services said on Thursday (Oct 1).
The tariff will decrease by 2.06 cent per kWh for Oct 1 to Dec 31. This means that the average monthly electricity bill for families living in four-room HDB flats will decrease by S$8.78, SP Services said.
“The tariff reduction is due to the lower cost of natural gas for electricity generation, which fell by 18.4 per cent compared to the third quarter,” it said.
SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The latest tariffs have been approved by the EMA.
- CNA/cy
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