City view Singapore by night (Photo by Aleksandra Pachecka from Shutterstock.com).

Electricity and gas tariffs to decrease for the period 1 January to 31 March

The electricity tariffs (before 7 percent GST) will decrease by an average of 1.2% or 0.28 cent per kWh for the period from 1 January to 31 March 2019 compared to the previous quarter.

The reason is mainly due to the lower cost of natural gas for electricity generation compared to the previous quarter, the SP Group stated in a press release on Sunday (30 December).

As for households, the company stated that the electricity tariff (before 7 percent GST) will decrease from 24.13 to 23.85 cents per kWh for 1 Jan to 31 March 2019.

Source: SP Group.

Meanwhile, the average monthly electricity bill for families living in four-room HDB flats will decrease by $1.00 (before 7 percent GST).

Source: SP Group.

In a separate announcement, City Gas Pte Ltd, as Trustee of City Gas Trust, announced that the gas tariff (before 7% GST) for households will decrease by 0.81% or 0.16 cent per kilowatt hour (kWh), from 19.67 cents per kWh to 19.51 cents per kWh for the period 1 January 2019 to 31 March 2019 due to a decrease in fuel costs compared with the previous quarter.

City Gas reviews the gas tariffs based on guidelines set by the Energy Market Authority (EMA), the gas industry regulator.

Source: City Gas website.