SINGAPORE: Households here can look forward to smaller electricity and gas bills from January to March 2025 due to lower energy and fuel costs.
Over the next three months, those supplied by grid operator SP Group will see a 3.4 per cent decrease in electricity tariffs compared with the previous quarter, the group said in a statement on Monday (Dec 30).
For households, this amounts to a tariff of 28.12 cents per kilowatt-hour (kWh) before goods and services tax (GST), down from 29.10 cents currently.
An average four-room HDB household may see a $3.58 drop in its monthly electricity bill before GST, for example.
The electricity tariff is calculated using four components. It includes the cost of energy, which takes into account the cost of imported natural gas, and the cost of operating the power stations, among others.
City Energy, the producer and retailer of piped gas, said in a separate statement on the same day that the gas tariff will drop from 22.97 cents per kWh before GST from October to December, to 22.72 cents in the next three months. - The Straits Times/ANN
