SP services, local energy company has announced that electricity tariffs will decrease by an average of 1.99 cents per kWh for the period from 1 Jan to 31 Mar 2015 or 8.0% as compared to the previous quarter.
The reduction in tariff is attributed to the lower cost of fuel (i.e. natural gas) for electricity generation, which fell by 16.4% compared to the previous quarter.
As fuel cost makes up about 50% of the tariff, this translates to a proportional reduction of 8.0% in the Q1
2015 electricity tariff.
The electricity tariff for households will decrease from 25.28 to 23.29 cents per kWh for 1 Jan to 31 Mar 2015.
The average monthly electricity bill for families living in four-room HDB flats will decrease by $7.93
The electricity tariffs are reviewed by SP Services on a quarterly basis based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs given have been approved by EMA.
The reduction in tariff is attributed to the lower cost of fuel (i.e. natural gas) for electricity generation, which fell by 16.4% compared to the previous quarter.
As fuel cost makes up about 50% of the tariff, this translates to a proportional reduction of 8.0% in the Q1
2015 electricity tariff.
The electricity tariff for households will decrease from 25.28 to 23.29 cents per kWh for 1 Jan to 31 Mar 2015.
The average monthly electricity bill for families living in four-room HDB flats will decrease by $7.93
The electricity tariffs are reviewed by SP Services on a quarterly basis based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The tariffs given have been approved by EMA.
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